this post was submitted on 30 Oct 2025
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United States | News & Politics

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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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[–] MrMakabar@slrpnk.net 4 points 1 day ago (4 children)

Microsoft, Nvidia, AMD, Oracle and Intel are all profitable. They might not be worth as much, but still.

[–] chonglibloodsport@lemmy.world 13 points 23 hours ago (2 children)

Those are all shovel sellers. People stop buying shovels when the gold rush goes bust.

[–] Mr_WorldlyWiseman@lemmy.blahaj.zone 2 points 8 hours ago* (last edited 8 hours ago)

The shovel manufacturers will probably be fine, just reduced margins, but the shovel warehouses are so fucked holding nearly a trillion dollars of worthless shovels

In the words of Pat Gelsinger, we're about to see a lot of digestion.

[–] Tollana1234567@lemmy.today 1 points 13 hours ago (1 children)

more like, they are hoping IRON pyrite(fools gold) would be innovating as good as normal good or better.

[–] chonglibloodsport@lemmy.world 1 points 8 hours ago

Yes. It will all fall apart when all the regular businesses (not AI companies) realize that AI is just wasting their money and creating a big mess, not actually increasing their profits. These are supposed to be the big customers for AI and they’re really not benefiting from it at all.

[–] _stranger_@lemmy.world 7 points 1 day ago

some people made money during the gold rush selling shovels and eggs.

[–] MonkderVierte@lemmy.zip 3 points 1 day ago* (last edited 1 day ago)

Oh, i didn't think of hardware suppliers.