Will AI, break up the stock market ¿
New York stock markets plummet, yesterday, 25/07/24, It has been sparked by Tesla and Alphabet’s reports, which has caused many to doubt whether the AI hype can continue with the same force.
Wednesday was the worst day on Wall Street so far this year. The broad S&P 500 index fell 2.3 percent, the biggest loss since 2022. Tesla fell a whopping 12.3 percent and Nvidia fell 6.8 percent.
What worries investors is, among other things, Google’s parent company Alphabet’s extreme investments in AI investments and Tesla’s lower profit, as well as the company’s robot taxi investment being delayed.
Is AI, starting to learn the stock market vulnerable value? And therefore, will be able to estimate the values of the stocks in the coming weeks.
This in my opinion sounds like a lottery, with the winners predicted. Will companies who use the AI in their prognostics, be favored by THE Big Brother AI, in the way its presented? Intelligence follow intelligence, is a well-known factor for centuries. But will the human intelligence be forgotten? I really hope not, after all the first computer was invented by a person’s intelligence.
Thanks for reading my post.
#Windmush #curtbergsten 27/07/2024
