Major AI stocks are getting obliterated lately, signaling what may be the beginning of the end for the tech euphoria.

Burn baby burn!!!

“Many in the market feel we have no choice but for it to work out,”

Yes this is what it everyone feels like when they are in denial…

  • mokus@lemmy.blahaj.zone
    25·
    7 days ago

    bloodbath

    2.6%

    Rolling back like 6 months of gains is a bloodbath? Talk about entitled fucking trust fund babies. The rest of us have been experiencing a bloodbath at the supermarket every other week.

      • mokus@lemmy.blahaj.zone
        121·
        7 days ago

        So someone who had some spare money and bought in to the NASDAQ for $1000 on Jan 1, 2026 now only has $1094.70 instead of the $1123.30 they had yesterday. Cry me a river.

        • CrimeIsLegalNow@ani.social
          2·
          6 days ago

          Losing 2% of your body mass either doesn’t matter at all or it matters a lot, depending on where and why you lost it.

          A general market trend is a concern. 2% of the NASDAQ tanking because it comes specifically from the 10% of it that is wrapped up in vaporware and is heavily leveraged is a crack in the foundations.

          This probably isn’t the straw people want because they’re not concerned about the consequences. It is, however, an objectively huge market correction.

  • itsgroundhogdayagain@lemmy.ml
    8·
    7 days ago

    I can’t imagine my company trying to put the toothpaste back in the tube. I get so many ai slop meeting invite agendas, people won’t know what to do if they can’t auto-generate a word salad for their Teams call.

    • supersquirrel@lemmy.caOP
      3·
      7 days ago

      I think this is kind of beautiful in a way, I have always hated the bullshitting culture that has lead directly into AI, it makes me feel hollow as fuck like when I spend to much time at a big box store.

      Let them fumble around with their empty toothpaste tubes and let it all burn down…

  • Hotznplotzn@lemmy.sdf.org
    6·
    7 days ago

    In China, the AI bubble has already burst

    … The meltdown, tanking the mainland STAR50 index of AI and semiconductor leaders by 40% in less than four months and vaporising some $480 billion in market value, is an ill omen for wobbly world markets and a dampener on China’s efforts at encouraging its savers into stocks to fund the AI boom.

    … With AI stocks running to 42% of China’s market capitalisation and 57% of turnover across mainland-listed A-shares and Hong Kong’s H-shares, according to Goldman Sachs, few in a market dominated by small investors have escaped pain.

    … Shares in robot-maker Unitree, 8,000 times oversubscribed by retail buyers at listing, have halved since they started trading in August, and chipmaker CXMT has lost more than a quarter of its value in the past month.

    … Chipmakers MetaX Integrated Circuits and Moore Threads Technology, which leapt 700% and 400% respectively on their market debuts last year, have also halved in value since July.

    … Frustration that an investment theme backed by Beijing has ended so badly has driven many investors into defensive assets and is likely to slow equity fundraising by tech firms.

    A remarkable detail in China, citing the report:

    The frenzy and its fallout contrast with a push by authorities to improve returns and dampen volatility by cracking down on leverage and high-frequency trading. State-backed investors were sellers into rallies to keep gains in check.

    [Emphasis mine.]

  • Triasha@lemmy.world
    11·
    7 days ago

    Every time I see a headline like this I check my portfolio and I’m like: down 4%

    The bubble is only beginning to pop, if that.

  • Th4tGuyII@fedia.io
    75·
    7 days ago

    Honestly, we’re screwed either way…

    If the bubble doesn’t burst, they’re going to keep building data-centres everywhere that massively drive up the cost of living everywhere.

    If the bubble does burst, these companies are gonna drag the taxpayer down with them, which will likely cause yet another massive recession and drive up the cost of living.

    But for a short time the shareholders made a lot of money, and isn’t that truly wonderful /s

    • ObtuseDoorFrame@lemmy.zip
      13·
      7 days ago

      It’s still better if it pops because out of the two options you named the popping one creates significantly fewer CO2 emissions.

    • manxu@piefed.socialEnglish
      2·
      7 days ago

      Even better! It’s all going on the giant tab that future generations will have to pay. Because that’s what they have been doing for 30 years now and it’s only mildly inconvenienced everyone so far (meaning the debt interest payments are so huge, they are starting to drown out everything else).