posted in Technology
Tesla falls 10%, Alphabet sinks 5% as AI spending concerns spook investors
www.cnbc.com/2026/07/23/tesla-tsla-alphabet-googl-stock-today.html
CNBCTesla, Alphabet lose hundreds of billions in value in post-earnings stock plungeBoth Tesla and Alphabet signaled higher spending as they invest in artificial intelligence.
Replying to @sanitation@lemmy.today
Please pop soon please pop soon
Replying to @popekingjoe@lemmy.world
Be careful what you wish for.
I’m no fan of AI, but the combination of swingeing tariffs and the 1929 crash lead to the Great Depression. We didn’t have that happen in 2000 when the dotcom bubble burst because adults were in charge of the American finance system. that is no longer the case.
The orangutan has already pushed the American economy to the brink, the inevitable bursting of this bubble is going to decimate the US, and unfortunately the size of the US economy means that will flow onto the rest of the world. Unless you are in a country that close enough to no trade with the US and limited international financial dependencies you will be severely impacted. North Korea fits the bill but I don’t really want to move there.
Replying to @thanksforallthefish@literature.cafe
unfortunately the size of the US economy means that will flow onto the rest of the world
Yeah, yeah, we’ll survive, just lance the fucking boil
Replying to @zecg@lemmy.world
You may well, millions won’t. When this boil pops the pus is going to infect a lot of innocent victims.
Having said that it WILL burst eventually, it’s not a question of whether, it’s a question of when. How much the rest of the world has done to immunise itself will determine how bad the impact will be. I’m afraid there’s not much hope left for America in my view, although I’d like to be wrong.