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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 week 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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[–] MonkderVierte@lemmy.zip 30 points 6 days ago* (last edited 6 days ago) (9 children)

but they actually have earnings.

Of course they have. But the spendings are bigger.

[–] MrMakabar@slrpnk.net 4 points 6 days ago (8 children)

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

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