Comment by nikanj
4 days ago
Companies don’t really exist to make products for consumers, they live to create stock value for investors. And the stock market loves AI
4 days ago
Companies don’t really exist to make products for consumers, they live to create stock value for investors. And the stock market loves AI
The stock market as always been about whatever is the fad in the short term, and whatever produces value in the long term. Today AI is the fad, but investors who care about fundamentals have always cared about pleasing customers because that is where the real value has always come from. (though be careful - not all customers are worth having, some wannabe customers should not be pleased)
The will of the stock market doesn't influence Dell, they're a privately held corporation. They're no longer listed on any public stock market.
Which is probably why Dell admits consumers don't care about AI PCs
As someone pointed out, Dell is 50% owned by Michael Dell. So it's less influenced by this paradigm.
Which is probably why the CEO felt okay to make these comments. I would be very surprised to hear this from someone like Satya Nadella.
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