alt Hacker NewsMy hope is that this moment is a decisive but constrained tempering of market enthusiasm. But that sounds too reasonable, so…probably next week it’ll all be back to crazy town.
My hope is that this moment is a decisive but constrained tempering of market enthusiasm. But that sounds too reasonable, so…probably next week it’ll all be back to crazy town.
I agree. The best case would be if this 5% drop in AI-centric tech isn't a 'dip', but the beginning of a gradual unwinding of the AI bubble. I'd take it as a positive sign if 3 months from now AI-centric stocks had slipped another 5% but other sectors where slightly higher than today.
I'm actually fairly bullish on AI in the long-term. The problem is valuations have been hyper-inflated by too much speculative capital way too fast. I think today it's a bit like the Internet Bubble in 1999. The Dot Com crash needed to happen to reset valuations. But after that painful correction, by 2006 Internet-centric valuations were climbing again, except this time they were supported by actual earnings. I'm hoping AI can avoid a crash and this is the start of a more gradual correction.