Even in the industry (biotechnology) I work in there’s a ton of work can be automated that’s currently done by fallible humans.
Remember law of large numbers. Every quarter from here on in and the numbers are just going to have to be insanely gigantic and absolutely perfect to keep up with the stock price. One little inkling of a billion short there or here and the stock plummets. They did it once again for this quarter. .bravo but it's going to get very difficult moving forward!
That's the other issue of where AI is headed. If wallstreet is all talk about where AI is going and how efficient and effective the technology is well they have to consider how AI is going to impact the job market. ...if AI as they say is growing at an enormous pace wouldn't they need to justify how AI is going to literally take over jobs in nearly every sector of the market place.....there could be millions and millions of jobs lost to AI... .so all this AI hype about the future growth potential but not clearly being talked about is the impact on the job market. Let's see how they maneuver and walk the fine line on this topic.
Awesome points taken. The economy won't be able to adjust based on the fact that they are looking at potential profits first and anything else effecting humans later. That's all this is currently about, how to keep the hype on AI going to prosper and make them the most pennies....that's all this is about. Little is being said about the impact because if they did worry they would interfere with the technology and they aren't even doing so.. . Only a few people came forward. One of them being Musk last year when he did say there should be an intervention....that sort of went unnoticed though. And at the speed they claim AI is being developed across the world this is a topic that needs to be discussed right now, right this second ...not tomorrow , right the fu*king now
Some have tried but AI is nothing but profits, so please do NOT interfere!!!! https://www.reuters.com/technology/...systems-that-can-outperform-gpt-4-2023-03-29/
Big Tech's has been laying people off because Big Tech got too big IOW too many hired for their needs too fast. Meta, for example, chopped 1000's off yet sales/revenues kept on growing. As for AI, it is just another thing we humans will have to adjust and change to. Mass loss of jobs have been predicted ever since the industrial age was upon us.
Yeah based on the blowout percentage getting smaller, I would say there is probably 2-3 quarters of this kind of performance and then it will be like the rest of the semiconductors which usually outperforms the QQQ. I mean if Huang is smart he'll split the stock like 5:1.
It's quite insane ....reminds me of the csco hype when they were the leader during the dot com era with a shiny 500 billion dollar market cap....after the dot com collapse csco never was the leader again... Just remember these companies don't stay on top forever. Remember tsla. ...no one cares for that one. Lost half its Value. ...forgotten about ...