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Amazon plunge continues $1T wipeout as AI bubble fears ignite sell-off

88 points by truegoric

by blinding-streak

6 subcomments

Question: does Amazon's retail business matter for analysts at all? It drives the majority of revenue for the company but a much, much smaller amount of profit. Does Wall Street care about Amazon's core business one iota?

by mmastrac

0 subcomment

This insanity was going to break at some point. Now hopefully these trillions of dollars of losses might finally allow the price of old DDR4 memory I've been trying to acquire to finally recover.

by the_absurdist

0 subcomment

Hmmm. And I wonder who bought all that NVDA today and what's suddenly so compelling about the price.
Certainly couldn't be someone in government trying to pin the NDX100 index.

by truegoric

0 subcomment

by tucnak

4 subcomments

They always say it's about "AI," but it never turns out to be about AI. I wonder what's it about this time?

by smithcoin

1 subcomments

by zlkanter

6 subcomments

Amazon missed earnings and promptly doubled down on AI spending:
https://finance.yahoo.com/news/amazon-plans-200b-ai-spending...
It is encouraging to see that investors are punishing what is the greatest misallocation of capital since the dotcom bubble. Investors have figured out that AI is limited to probabilistic and annoying chatbots that are for entertainment and for looking up trivia questions.