Comment by Sparkle-san
15 hours ago
Feb 2021 was peak covid tech bubble stemming from ZIRP. There are a number of companies that hit highs during that period that they'll likely never see again (or for quite some time) despite being profitable.
15 hours ago
Feb 2021 was peak covid tech bubble stemming from ZIRP. There are a number of companies that hit highs during that period that they'll likely never see again (or for quite some time) despite being profitable.
2021 was when Square pivoted to Block in the great Blockchain pivotting
There are, but there are also a number of companies (including not-particularly-AI ones like Netflix and Oracle) that are above their ZIRP peak. I think it's hard to definitively say that this story is inconsistent with one explanation or the other.
Oracle is definitely an AI stock, as much as that's silly. Between being a cloud provider with GPUs, and investments in OpenAI, it's certainly part of the AI meme in the stock market, and possibly even a reasonable way to get some AI exposure if that's what you want to invest in.
Owning SP500 gives me too much AI exposure by default