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Are We in an AI Bubble?
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this post was submitted on 02 Jun 2024
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Nvidia is making tons of money now, but they're still going to be in hot water with investors when they have to explain why exponential revenue growth cannot be sustained as revenues crash back down to the norm.
You wanna know the real issue with the world? This right here, society as a whole accepting and promoting a system of measuring a company's worth that by definition will make it fail after getting as much reach as possible. Almost ensuring everything will always be shit
Oh this quarter the company only got 74 billion in revenue instead of the projected 80? Sell everything it's no longer profitable!!! Abandon ship!
Yep, it's a system that relies on infinite growth and gets upset if there's growth but it's not fast enough or if there is any temporary setback no matter how minor or even if things level off for a bit. It's ridiculous.