POP THAT AI BUBBLE , PLEASE
Is it wrong to read this as a feel-good story?
Soon they’ll have tons of data centers with no data to suck up ,LOL
Here’s the thing about holding a boring, large cap index fund. You’ll never get to brag about the fund’s outsized profits at parties.
But on the other hand, you don’t have to worry about the fund collapsing.
Boring is good.
For me, anyway.
This may be it, with Leopold pulling back now.
“One of the world’s biggest memory-chip makers reported a record $64 billion quarterly profit on Wednesday—and its stock price still fell nearly 10%.”
https://finance.yahoo.com/markets/stocks/articles/even-64-billion-quarterly-profit-103300938.html
I suspect the real fear is overinvestment in the AI sector.
Perhaps brokers need to gradually place over say 100 days additional restrictions on margins of tech company holdings.
Tech companies are riskier than food & beverage companies.
Purchase margins might gradually be limited to 25% while forced sale margins remain untouched.
Margin interest rates might vary by specific account risk to gently encourage customer risk reduction activity.
Those are merely suggestions.
Disgorging has to happen before a bottom is in
the implosion of so-called AI is happening much faster than predicted ...