the markets are so incredibly bipolar. reading the news headlines every day is just cringe at this point.
@Justicar What's got me tapping my noggin is how tech is fairing. Apparently Microsoft has AI writing a shit ton of low level code and has replaced floor lrvel coders with ai engineers that get this... tell the AI what to do. I am a bit sceptical on this considering other AI 'innovations' were indians or koreans doing shit. They must be getting gov doles as well to push funding at stuff I'd imagine too because where's all this spending into their ads and growth if consumers are tapped.
@FinalDresdonation maybe they will use AI to fake their employment numbers. like 3 AI instances are as good as real jr employee so if they deploy 1 million AI instances, that's like employing 300k people and so it will look good in the earnings reports. i have no clue why the companies are so into AI when it's just so dumb and overhyped machine-learning algos under the hood. i am just waiting for it to slowly die and become a dumb idea from the past, like 3d cinema.
@FinalDresdonation i am not in the picture since i do not inest in the tech sector. It could be uptick in azure sales, ads in windows..who knows what else. Inflation also pushes prices up and i doubt they report adjusted numbers.
