alt Hacker NewsPay attention to the outflow of tech investment in the stock market. That money is going to move into OpenAI and Anthropic IPOs. The valuations will be as big you are thinking because the market believes these companies will represent an entire basket of startups.
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candiddevmike • yesterday at 8:06 PM
If your thesis was correct, why wouldn't some of those "outflows" go to GOOG or NVDA?
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koakuma-chan • yesterday at 8:09 PM
And why would anyone participate in their IPOs? They would be crazily overvalued, like Figma or worse.
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It Is more likely that people are cashing out very liquid assets (tech stocks) to pay back their loans in Yen as interest rates are rising over there.
Tech stocks with all the hype are second only to crypto in terms of how easy and fast are to sell (hence BTC dropped and now tech stocks IMHO).
Btw, I was too young to fully remember, but wasn't the year before the dot com crash also full of IPOs?