alt Hacker NewsIf someone who is as unpopular as Elon the cringelord Musk can convince the markets that Tesla is worth its current stock price, I doubt the AI bubble will burst.
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People buying shares at a given price does not necessarily mean they believe the company is worth that much
This is also why nothing will lower housing prices significantly. The problem isn't inventory, or that we're not subsidizing builders enough, or whatever. It's that we've decided that propping up housing values is more important than housing being affordable. And you cannot have both, full stop.
It's already burst in South Korea when China showed they can make memory chips too. And it would have burst by now in the US if OpenAI and Anthropic were public.
He can keep the scam going for a long time but not forever.
+1 for the word Cringelord. I have taken this and shall use it on my journeys.
It is only a matter of time until China can make everything needed for sub 8nm chips in their own country. Maybe 10 years away, but it is inevitable.
"cringelord"
I cracked. Had never seen that used before, yet so obvious now in retrospect. Pure poetry.