SpaceX at $100 Would Imply Zero AI Value, Morgan Stanley Says
31 points by toomuchtodo
by anon7000
6 subcomments
It’s surprising to me that any investor in public stocks thinks share price is related to anything other than what investors are willing to pay. If everyone thinks price will go down, it doesn’t matter what underlying value exists, people will sell off. You hold on if you think investors will wise up at some arbitrary point in the future and buy it again. Which could theoretically be related to the value of AI, but is actually only about a monkey brain’s perception of value.
There is no underlying fundamental reason that makes stock price match company performance or value. It’s a gambling market that sometimes happens to match real financials
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