The AI bubble is still ahead of us

[Mik]

The article makes some sense.

https://www.msn.com/en-us/money/savingandinvesting/the-bubble-is-ahead-of-us-hedge-fund-exec-says-investors-still-don-t-get-how-big-ai-is/ar-AA1RgeY0

[Horace]

That's been my attitude. Get some money in the market. That will give you upside to the obvious downsides of AI taking over productivity.

[Mik]

We haven't made any significant moves.

[jon-nyc]

Neither have I. Haven’t sold a thing since I bought my house over a year ago. Nd that was mostly bonds and foreign stocks.

[Horace]

@Mik said in The AI bubble is still ahead of us:

We haven't made any significant moves.

Well someone else manages your money. Professional money managers will do what they do, to minimize risk.

[Mik]

Yeah, but I have a self-managed account too. Everything is doing well there, but I'm looking into the possibility of some AI investments.

[jon-nyc]

Mag7 is pushing 40% of the S&P. Huge chuck of that valuation is AI

[kluurs]

TikTok had a guy saying that part of China's plan is to have the best AI platforms and keep them free - and ensure they require less infrastructure to maintain. In doing so, they would undermine the mega-investments by US AI companies - which are over inflated anyway. Between the collapse of AI and a similar implosion of bitcoin, the US economy would be in shambles for some time to come.

[kluurs]

Of course, the long standing goodwill of our relations with Europe, Canada, South America, etc. would reduce the impact of any such plan...

[Horace]

@Mik said in The AI bubble is still ahead of us:

Yeah, but I have a self-managed account too. Everything is doing well there, but I'm looking into the possibility of some AI investments.

I just shifted some money from AAPL to QCOM. We'll see how it does. AAPL is overvalued at this point. It hurt to part with those shares.

[Mik]

They've been very loyal to me as well. Did really well with Garmin, too. They pivoted nicely once GPS was ubiquitous.