Why this analyst says the AI bubble is 17 times bigger than the dot-com bust | CNN Business
www.cnn.com
The AI faithful believe the technology will disrupt virtually every aspect of modern life, from phone operating systems to pharmaceuticals to finance. And even if there is a bubble, proponents say, the dot-com bubble gave us companies like Amazon, and the internet became, well, the internet.
  • NatakuNox@lemmy.worldEnglish
    6·
    11 hours ago

    Can’t wait to give Google, Microsoft, and Palantir bail out money…

    When can we get off this ride?

  • redlemace@lemmy.worldEnglish
    152·
    16 hours ago

    A bubble increased by a factor of 17 means a volume increases by 17³ (4913). That burst is gonna be quite a bang then…

    • Jyek@sh.itjust.worksEnglish
      5·
      9 hours ago

      Except the gaming industry and consumer graphics card sales are a sliver of their annual profits. Nvidia are selling the shovels to this ai gold rush. They are the ones that will come out of this bubble standing above the rest.

      • justOnePersistentKbinPlease@fedia.io
        6·
        13 hours ago

        Its not self-sustaining if Nvidia is relying on their status of being a near-monopoly in a crirical part of the single largest entertainment industry in the world to fund it.

        • TankovayaDiviziya@lemmy.worldEnglish
          2·
          11 hours ago

          That’s what I am thinking, Nvidia has near monopoly, they’ll be fine if the bubble burst, and so are TMSC and AMD because of having similar status. I only have those three AI companies invested in.

          Many people invested in as many AI companies as possible, and the problem is that if the repeat of dotcom bubble bursts but with AI, it will take another decade and half to recover except for certain companies with better fundamentals.