Right, this is more like wash trading, in that companies like Meta are trying to syntehtically make it look like there's more assets involved in AI than there really are.
This is it. I can see TSLA and a lot of bitcoin vehicles have done it too. Combined with the extent of tech companies proportion of total S&P500 market cap, along with expected energy price increases due to usage, will lead to a huge drop of worldwide confidence in US stocks once this bubble pops.
Governments who do not take enough action to stop this behavior inevitably lead to this. The US credit rating may be at risk entirely.
Right, this is more like wash trading, in that companies like Meta are trying to syntehtically make it look like there's more assets involved in AI than there really are.
> more like wash trading
This is it. I can see TSLA and a lot of bitcoin vehicles have done it too. Combined with the extent of tech companies proportion of total S&P500 market cap, along with expected energy price increases due to usage, will lead to a huge drop of worldwide confidence in US stocks once this bubble pops.
Governments who do not take enough action to stop this behavior inevitably lead to this. The US credit rating may be at risk entirely.