On the last Friday of each month I curate some of the observations and insights that were shared on social media. I call these Friday’s Finds.
The Hater’s Guide To The AI Bubble
The Magnificent 7 stocks — NVIDIA, Microsoft, Alphabet (Google), Apple, Meta, Tesla and Amazon — make up around 35% of the value of the US stock market, and of that, NVIDIA’s market value makes up about 19% of the Magnificent 7. This dominance is also why ordinary people ought to be deeply concerned about the AI bubble. The Magnificent 7 is almost certainly a big part of their retirement plans, even if they’re not directly invested …
… In simpler terms, 35% of the US stock market is held up by five or six companies buying GPUs. If NVIDIA’s growth story stumbles, it will reverberate through the rest of the Magnificent 7, making them rely on their own AI trade stories.
And, as you will shortly find out, there is no AI trade, because generative AI is not making anybody any money.
“via Science Direct — Ceiling fans changed the particle trajectory downwards and reduced aggregated concentrations of particles in the breathing zone were reduced by 87%. Ceiling fans strongly affected the indoor airflow pattern and also showed a potential to reduce the exposure risk to horizontally directed coughs.” —@AugieRay