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
What’s the alternative? Keep it as it is? Pop it later when it grows more and causes an even bigger catastrophe?
Replying to @87Six@lemmy.zip
I don’t think your premise that it is going to grow more in terms of impact size is valid. It’s already eaten the US stockmarkets (and a number of others).
So I don’t think anyone has the power to make that choice between keep or pop later, but if it was possible then slowly deflating the bubble and regulations to prevent this sort of thing happening in the first place would be my answer. Not going to happen of course.
Out of the bad alternatives of the bubble popping now, and the bubble popping later, later would be better for we non-americans if we had govt’s who would actually work through the things needed to reduce its impact.
So, here in reality, damned if it does now, damned if it does later, either option is ugly.
I’ve been telling all my friends to get themselves and their pensions out of shares (US in particular) for the last 6 months I doubt they listened but what else can you do ?
Replying to @thanksforallthefish@literature.cafe
I don’t think your premise that it is going to grow more in terms of impact size is valid. It’s already eaten the US stockmarkets (and a number of others).
Stock market schmock market, this bubble is also doing damage to society and the environment and at least the part that comes from the lies and lobbying from “OpenAI” and consorts would be stopped by it popping.