alt Hacker NewsWhenever I see daily stock results I try to reframe it in a longer term. Interestingly, Nasdaq is only up ~4% YoY.
This is surprising to me, given how much acceleration there has been in AI capabilities since the same time last year. I guess costs and risks are accelerating just as fast.
Replies
rf15 • today at 6:54 PM
The problem is that the economy is kinda flatlining and only the AI bubble (that is also hoovering up other, seemingly unrelated parts of the tech sector) is what makes this number as big as it is.
paxy • today at 8:01 PM
Given the tariffs debacle and Iran war followed by the energy crisis being positive at all is a miracle.
Stocks have been somewhat flat this year. Some big gains, but a lot of stagnation around the time the Iran war began. I got my hopes up yesterday, but the crash today puts us back to ~May depending on which index you're looking at.