• Bustedknuckles@lemmy.world
      link
      fedilink
      English
      arrow-up
      0
      ·
      9 days ago

      I’ve come to realize that I was assuming that there was a limit somewhere to “the market staying irrational”. I’m not so sure anymore

      • inari@piefed.zip
        link
        fedilink
        English
        arrow-up
        0
        ·
        9 days ago

        It’s less about fundamentals and more about what investors believe about the market. That’s why Musk is so good at manipulating the market, he’s convincing enough for many investors.

      • schipelblorp@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        0
        ·
        9 days ago

        You could argue that a heavily debt-based business that requires years and years of more debt before becoming profitable would respond to rising interest rates quite negatively, but, yeah, the whole thing is already enitrely irrational.

        I’m keeping some popcorn in reserve for OpenAI’s IPO.

        • No1@aussie.zone
          link
          fedilink
          English
          arrow-up
          0
          ·
          9 days ago

          I don’t get why they haven’t gone already.

          If they don’t get their IPO off before the bubble pops, they might be losing out on a trillion with a capital T

        • BlaestEgnen@feddit.dk
          link
          fedilink
          English
          arrow-up
          0
          ·
          9 days ago

          But the question is whether or not they’re actively holding debt or just letting themselves get diluted through investments.

          There’s more supply than demand for compute at the moment, so Microsoft is more than happy to buy ownership through Azure credits - Likewise Amazon is with AWS credits