Mar. 1 at 11:46 PM
$SPY $QQQ what does the AI bubble have in common with the dot com bubble. Investors were pouring billions into companies with dot com in the name that weren’t even profitable, some with 0 revenue. Those who don’t believe there is an AI bubble, there is a tech bubble. Why would I pay
$MSFT $100 per year for Office when I can give AI the data to generate reports and analysis or ask AI to create a presentation for free in 10 seconds faster than I can even program my own Excel or SQL Server, why would I pay thousands of dollars per month for
$CRM when I can get sales insights and manage my CRM with AI for free. Everything is now a commodity and the only thing scarce are the old school commodities like gold silver oil copper energy water food, stuff to feed the AI and stuff to feed the humans until Judgement Day.