alt Hacker NewsUS AI stock sell-off shakes markets from Wall Street to Asia
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Tbh I am unable to find any proving stocks' charts. Anthropic stays flat, openAi lost a little bit, etc. When I read 'sell-off' and 'shakes' I was imagining it differently
People often compare this to the dot-com bubble but today's leaders are generating very big cash flows => a valuation reset and a business collapse are two very different things
What even is a point on looking on stock charts which are detached from fundamentals of companies? Just casino. Usually numbers go up, sometimes they go down.
It has no effect on your life.
It has no effect on companies either. When your market share value is 10USD or 1000USD does not change if you are profitable or not.
As always, zoom out.
Why is the fear wondering if stocks going up immensely and then a little down important for HN? Since when are we talking stock prices here ?
"South Korea’s benchmark closed 10% down on Tuesday after the country’s largest chipmakers, SK Hynix and Samsung Electronics, both closed over 12% lower. Japan’s Nikkei 225 was down 3.5% at the close of trading."
This is huge, isn't it? The conservative investors probably put their money into hardware companies, not directly into AI ones. So any scare of bubble-bursting affects memory manufacturing stock first and foremost? Meanwhile the AI stock itself continues to be held by the believers and Musk fanboys alike?
All these media people who write about markets need to adjust their perspectives on what a sell-off means. A 2% reduction for a market cap of 80 trillion dollars still leaves about 78 trillion dollars in the market. The way the market behaves when there's 78 trillion dollars would be very different from how it would if there were 20 trillion dollars. With volumes of these kind, the instrument becomes a currency in itself causing a sort of runaway effect that will keep it going. When everyone's money is in the market, would the market ever fall?