The 30 hottest AI stocks have bubbled up to $5 trillion in wealth, a lot of which they are about to extract from U.S. households and other assorted bagholders when it all comes crumbling down.

[–] reddig33@lemmy.world 6 points 1 month ago

Some of the companies on this list will be fine after the bubble pops because they make other products, and they didn’t do that stock swap circle jerk.

[–] burntbacon@discuss.tchncs.de 6 points 1 month ago (1 children)

Uber is AI?

[–] Midnitte@beehaw.org 2 points 1 month ago

Every company is AI now

[–] Midnitte@beehaw.org 3 points 1 month ago

Bubble? What bubble

[–] BoloMKXXVIII@piefed.social 2 points 1 month ago

Yep. Sold my stocks that had anything to do with A.I. When the crash comes, many people will be completely wiped out.

[–] sp3ctr4l@lemmy.dbzer0.com 2 points 1 month ago* (last edited 1 month ago)

93% of stocks are held by the top 10% of Americans...

So thats uh, about $4.65 trillion for the top 33 ish million people, averaging about $140,909 for each of them.

And $0.35 trillion for the other 297 ish million people, averaging ~$118 for each of them.

... but hey, what even is an incentive structure, anway?

Burn down their money, or they'll burn down the planet.

Your entire 401k balance is what they call a 'moderate monthly swing' in percentage terms, of their own networth.

And it will vanish almost entirely when this all breaks, all your work will have been for basically nothing, and they'll come out on the other end as essentially demi gods, maybe mock thanking you for being the sucker they ripped off, if they're feeling generous.

[–] podbrushkin@mander.xyz 1 points 2 weeks ago

Poor Jimmy, why is he banned