bloodbath

2.6%

Rolling back like 6 months of gains is a bloodbath? Talk about entitled fucking trust fund babies. The rest of us have been experiencing a bloodbath at the supermarket every other week.

Fears? Hopes.

Burn baby burn!!! 😆😅

Honestly, we're screwed either way...

If the bubble doesn't burst, they're going to keep building data-centres everywhere that massively drive up the cost of living everywhere.

If the bubble does burst, these companies are gonna drag the taxpayer down with them, which will likely cause yet another massive recession and drive up the cost of living.

But for a short time the shareholders made a lot of money, and isn't that truly wonderful /s

I can't imagine my company trying to put the toothpaste back in the tube. I get so many ai slop meeting invite agendas, people won't know what to do if they can't auto-generate a word salad for their Teams call.

No! I've asked Claude to remaster every movie with fart sound effects!

In China, the AI bubble has already burst

.... The meltdown, tanking the mainland STAR50 index of AI and semiconductor leaders by 40% in less than four months and vaporising some $480 billion in market value, is an ill omen for wobbly world markets and a dampener on China's efforts at encouraging its savers into stocks to fund the AI boom.

... With AI stocks running to 42% of China's market capitalisation and 57% of turnover across mainland-listed A-shares and Hong Kong's H-shares, according to Goldman Sachs, few in a market dominated by small investors have escaped pain.

... Shares in robot-maker Unitree, 8,000 times oversubscribed by retail buyers at listing, have halved since they started trading in August, and chipmaker CXMT has lost more than a quarter of its value in the past month.

... Chipmakers MetaX Integrated Circuits and Moore Threads Technology, which leapt 700% and 400% respectively on their market debuts last year, have also halved in value since July.

... Frustration that an investment theme backed by Beijing has ended so badly has driven many investors into defensive assets and is likely to slow equity fundraising by tech firms.

A remarkable detail in China, citing the report:

The frenzy and its fallout contrast with a push by authorities to improve returns and dampen volatility by cracking down on leverage and high-frequency trading. State-backed investors were sellers into rallies to keep gains in check.

[Emphasis mine.]

I'm going to make a bunch of suicide kits and pass them out in silicon valley.

initial concept: 3d printed single shot unrifled plug-in zip guns, and a mini bottle of the saddest booze I can think of. but that doesn't feel silly or sad enough, and still requires expensive bullets. anybody got better ideas?

zip gun selfie stick with a qr code to upload photo/video for humanity to enjoy?

I need input here. what else might go in a suicide kit for tech vc idiots? what is the saddest booze? what kind of bullet is likely to injure but not immediately kill them, and be really funny?

No need to worry government is going to bail them out with the working class taxes

We wait and enjoy the show until we can finally buy ram and GPUs again at reasonable pricing...

Antici......

I think thus is very wishful thinking which reflects a society that overly focuses on the proposed importance of big do nothing companies.

Wow Amazon is down two percent and alphabet is down 12... And this is the end of AI?

I wish. But I don't think so.

Every time I see a headline like this I check my portfolio and I'm like: down 4%

The bubble is only beginning to pop, if that.

I've had amd stock since they were a scrappy underdog to intel. This is one of the first times I've considered selling it. I mean I won't.. but it's tempting