Comment on 'Big Short' Michael Burry bets $1bn on AI bubble bursting | LBC
bennieandthez@lemmygrad.ml 6 days ago
What could realistically pop the bubble? Afaik, it’s a bubble because everyone is buying buying AI stocks, the goverment and every investment fund including pension funds are invested on it. How does this ever burst if theyre all in on this? Could the withdrawal of an investment fund with a large % of ownership cause a snowball and pop the bubble?
fishy@lemmy.today 6 days ago
If there’s no profit being made companies won’t keep spending. A large part of this bubble are the plans tech companies have to build out more AI. If these companies blink and reduce their plans it will begin the selloff. They’re still all in on forcing AI down your throat, because they need you to be used to using it so they can start charging you a monthly subscription.