Honestly, I think this is a huge mistake for Elon but a smart move for the investors. He literally helped start OpenAI and put up the seed money. If OpenAI ever goes public, could it hit $1T? And a big chunk of that would basically be thanks to him.
Everyone can see the next big market is robotics, yet he’s just doubling down on Tesla instead of starting something completely new. Feels like a massive missed opportunity.
Never at open unless initial move is way up maybe in this bear trenttrend. Wait til one hour after open or right before close … then again I poor don’t listen to me
Indeed, seeing from the inside and dealing with managers that suddenly became “specialists” in my own field of study, they sure think artificial intelligence is just to vomit verbose left and right, without knowing machine learning was already being deployed in the back end for around a decade (in my experience at least) for data management and classification, boosting automation and forecasting, amongst other automated processes.
Where my opinion differs from yours a bit is that I think objectivelly this is a bubble:
- main players are overleveraged and already presenting liquidity issues
- ROI for the main claimed application of these technologies can’t be easily measured and realized by their customers (and to your point, it won’t be anytime soon)
- more than half of use cases where companies are trying to implement it for productivity gain either face employee resistance and/or the telemetry to measure it costs the same if not more than its potential gains: productivity is a 30 year old question when it comes to measuring it out of manufacturing or service management scopes
- major players are already facing liquidity issues due to cost of processing and hardware depreciation (ML training shortens chip lifespan significantly) and limited chip supply to rotate at financially sustainable costs
- the clear collusion of Nvidia with its own competitors + main software companies on the race, communicating their billion deals to promise futures and move money laterally in hopes of offseting the debt on investor calls (although, legally at least net revenue usually doesn’t lie)
Idk man, seeing from the inside my bet is that either we’ll see bailouts happening soon to keep the bonanza and/or enterprise contracts will raise their prices per token and that will suddenly shrink enterprise customer spend to cover only what they can properly track, which due to the fact that machine learning inheritly has its value as a technology will probably deflate the bubble, not necessarily burst. R&D, health sciences, biotech, fintech will keep benefiting, tech and general knowledge work not so much, imo.
Unless they keep printing money to maintain the sham, then it might be a legit burst, if investment firms allocate too much of their ETF money to “AI”… oh wait. 😂
You and your sunk cost fallacy belong here. In more simple terms you are saying OP is down 25 grand so what's losing another 10 grand? No doubt its time to cut losses and move on to the next. No way in hell OP is going to re-coup those losses and if you think he will then you are just as delusional as he.
HOOD calls are literally free money.
Why?
Low cap (easy to move up), a very high growth, huge fanbase (sometimes looks like a cult), everyone uses it for their gambling (This means more trades - more fees to HOOD).
I wonder if it’s just confirmation bias that SPYS seems to move the direction I think it will when I do nothing and does the opposite when I open a position