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A comment on Nvidia hits $2T valuation as AI frenzy grips Wall Street. Parent comment

Re:Nvidia hits $2T valuation as AI frenzy grips Wall Street by dig1 on Friday February 23, 2024 @10:21AM (#39481635)
Exactly. Every startup these days is shoveling "AI" in their summary or description, trying to attract some VC money. Reminds me of the crypto/blockchain bubble a few years ago. Guess, Nvidia again was the main beneficiary :)
[ Parent | on HN ]
Re:Nvidia hits $2T valuation as AI frenzy grips Wall Street by arcticbull on Friday February 23, 2024 @10:48AM (#39482051)
My favorite moment was when the Long Island Iced Tea company (a subsidiary of Long Island Brand Beverages, LLC) renamed themselves Long Blockchain Corp in 2017 causing their share price to quadruple. They then got de-listed by the SEC and several individuals were charged with insider trading. [1]

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

[ Parent | on HN ]
Re:Nvidia hits $2T valuation as AI frenzy grips Wall Street by ToucanLoucan on Friday February 23, 2024 @12:44PM (#39483747)
The entire tech sector is addicted to these hype bubbles. Previously they were for actually new things, things like the Internet, portable computers, the first smart phones, the first touch-screen smart phones, etc. Now we just get smaller and smaller iterations on previous products, and the marketing for these companies has no language for incremental, basic improvements so instead we're sold a phone that's 15% faster like it's the second coming of Christ, and for some reason, people keep falling for it.

I've predicted already the AI hype train will crash into the wall of reality in more or less the same way the crypto one did, and then the grifters will move on to the next thing they can over-hype.

[ Parent | on HN ]