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Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’ (fortune.com)

submitted 1 day ago by cm0002@lemmy.zip to c/usa@midwest.social

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The entire US economy right now is 7 companies sending a trillion fake dollars back and forth to each other, but it's totally not a bubble according to grampa Powell.

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[–] ChicoSuave@lemmy.world 35 points 1 day ago (2 children)

Of course there's earnings. It's just you don't know the company that's making money. It goes to another market so you wouldn't have seen it before.

[–] DragonTypeWyvern@midwest.social 9 points 1 day ago

Well, there's earnings, from Nvidia.

[–] Tollana1234567@lemmy.today 1 points 4 hours ago

it goes from nvidia, open AI, oracle, MS, google and then back in a circle again and again.