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Well, is it an "A.I bubble"? Markets losing their mind chasing "the next big thing"?Take a look at most electric car manufacturers since their peak(s). Even tesla is down 50% from its all time highs. It was down ~75% at the start of the year.At the time, the craze/mania that nobody would shut up about was electric cars. Now it's A.I. Hell, nikola motor even ended up being shown to be a giant fraud and is all but dissolved.My point is just that I feel like this is far more mania than actual fundamentals driven. Doesn't mean it won't pump markets for a bit/isn't something you can ride, but actual fundamentals/legs?It has all the hallmarks of mania/growth phase:[ATTACH=full]157394[/ATTACH]Shakeout shortly follows.
Well, is it an "A.I bubble"? Markets losing their mind chasing "the next big thing"?
Take a look at most electric car manufacturers since their peak(s). Even tesla is down 50% from its all time highs. It was down ~75% at the start of the year.
At the time, the craze/mania that nobody would shut up about was electric cars. Now it's A.I. Hell, nikola motor even ended up being shown to be a giant fraud and is all but dissolved.
My point is just that I feel like this is far more mania than actual fundamentals driven. Doesn't mean it won't pump markets for a bit/isn't something you can ride, but actual fundamentals/legs?
It has all the hallmarks of mania/growth phase:
[ATTACH=full]157394[/ATTACH]
Shakeout shortly follows.
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