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A comment on JPMorgan warns that an AI bubble is brewing.

Re:JPMorgan warns that an AI bubble is brewing by __derek__ on Tuesday July 25, 2023 @07:43PM (#36871262)
Last week, Apple added about $50 billion in market cap after Bloomberg reported that it was working on its own ChatGPT gizmo. Every ad on Marketplace is for stuff like AI-powered recruiting by Robert Half. If it's only brewing so far, I don't think I'm ready for what comes next. An AI beverage company[1] or something?

[1]: https://en.wikipedia.org/wiki/Long_Blockchain_Corp

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Re:JPMorgan warns that an AI bubble is brewing by rz2k on Tuesday July 25, 2023 @08:26PM (#36871577)
Apple often gains (or loses) more than $50B in a day. It also happens to be slightly down about 0.15% since July 19th, compared to a total market fund that would be up about 0.15%.
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Re:JPMorgan warns that an AI bubble is brewing by __derek__ on Tuesday July 25, 2023 @08:45PM (#36871719)
I honestly don't pay much attention to Apple stock (hello, availability bias!), so I'm curious how often it does that. Assuming that day's move was just noise, though, should we conclude that it's unrelated to the AI bubble? That there is no AI bubble? Something else?
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Re:JPMorgan warns that an AI bubble is brewing by edmundsauto on Tuesday July 25, 2023 @09:30PM (#36872063)
I suggest the prior to any question about recent stock price movements should be “random walk”.
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Re:JPMorgan warns that an AI bubble is brewing by __derek__ on Wednesday July 26, 2023 @11:03AM (#36878880)
The random walk is an emergent phenomenon, though. It arises from the individual movements, but doesn't explain them. That's a bit like saying "Traffic" when someone asks, "Why are all these people out driving today?"
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Re:JPMorgan warns that an AI bubble is brewing by ganoushoreilly on Tuesday July 25, 2023 @07:55PM (#36871348)
AI_WasteManagement .. INVEST INVEST!!!!!!
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Re:JPMorgan warns that an AI bubble is brewing by __derek__ on Tuesday July 25, 2023 @08:10PM (#36871458)
W/AI/ste Management seems too easy, right?
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Re:JPMorgan warns that an AI bubble is brewing by meltyness on Tuesday July 25, 2023 @11:30PM (#36872764)
Apple stock is still pricing an self-driving electric car.
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Re:JPMorgan warns that an AI bubble is brewing by __derek__ on Wednesday July 26, 2023 @11:04AM (#36878882)
Touché
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