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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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[–] Tollana1234567@lemmy.today 4 points 13 hours ago (1 children)

people were discussing this on reddit they said, the AI companies are hoping a retails(investors) sucker would be holding the bag, after they all cashed out.

[–] Dogiedog64@lemmy.world 1 points 5 hours ago

I hope retail won't be that stupid, but knowing WSB exists... It wouldn't shock me.

Either way, there will be blood.