Can't wait to see how this one ends up crashing and burning
The thought reminds me of:
Syndicated from the fediverse. Read and engage on the original instance.
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Syndicated from the fediverse. Read and engage on the original instance.
View original on lemmy.worldThe thought reminds me of:
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That graph is so zoomed in and 0.65% is inconsequential. That usually means the opposite is true to what the OP says...
Yep.
Microsoft (MSFT) Is Up 24.8% After AI-Fueled Q4 Earnings Reveal OpenAI-Driven Revenue Surge
Yup...
If you go to 1m its up 28%. But if you look at 5y its performing about the same as sp500.
The SP500 is basically the tech market these days, so that makes sense. When it goes up or down, it's because a few tech companies took hits or gains and that steers the ride.
It does mean though that before this massive swing MSFT was actually behind sp500.
I'm sorry, you're saying a $492/share stock losing $3 in a day means what?
(I'm not defending anything that's happening in the markets related to AI. I fully believe this bubble will burst soon. That doesn't change the fact that zooming in on 24 hours of a stock price and omitting the y axis is fucking dumb.)
Newbies in investing think 3% loss means it is going to crash.
Ed Zitron has been screaming about this for over a year.
Watch The Big Short if you haven't already. Saw it for the first time in theaters last weekend. Damn good movie.
It
iswas amazon, right?Worse. OpenAI.
Which has received over $13B of Capex from it's largest shareholder... Microsoft.
Literally Microsoft paying Microsoft to buy data center resources from Microsoft. It's the EBITDA equivalent of a hand job.
#BrandNewSentence
Every body is the dumb ass?
Close
🤣 at least the end of the world is funny y'all, silver lining
I would laugh but I'm afraid I'm so malnourished I'll break a rib
soft internet hugs
Bags of eter gas cash