alt Hacker News> YOY earnings growth rate for the S&P 500 is 21.7%
Now remove the companies selling the AI shovels: https://pbs.twimg.com/media/HIAjbZxacAARHwD.png
> Not sure what your point is.
My point is that they're selling us Skynet and the end of employment as we now it, things that we shouldn't even have to measure to perceive the results of, yet no one is able to measure any of it
Pointing a finger at nvidia, google, and the other few companies stuck in circular investment schemes that shouldn't even be legal and saying "OOGA BOOGA line go UP, UP GOOD!" doesn't count in my book
Replies
Your grandparent comment:
> Take any stock index, remove AI stocks, what do you see? That's right! Nothing...
Parent comment:
> Now remove the companies selling the AI shovels: https://pbs.twimg....
From your linked image, "excluding AI stocks" is "+16%" (the figure with AI stocks is far higher).
Your sole source says +16% excluding AI - in what kind of market is +16% “nothing”?
Is the image you provided depicting revenue, or stock value? My point is about revenue.
Charitably the lag time for this technology to have noticeable effects could just be ~5 years away. Similarly to how computers didn't have a big impact for a decade after they were introduced as people got used to using them.