Comment by toasty228
4 hours ago
> YOY earnings growth rate for the S&P 500 is 21.7%
Now remove the companies selling the AI shovels: https://pbs.twimg.com/media/HIAjbZxacAARHwD.png
> Not sure what your point is.
My point is that they're selling us Skynet and the end of employment as we now it, things that we shouldn't even have to measure to perceive the results of, yet no one is able to measure any of it
Pointing a finger at nvidia, google, and the other few companies stuck in circular investment schemes that shouldn't even be legal and saying "OOGA BOOGA line go UP, UP GOOD!" doesn't count in my book
Charitably the lag time for this technology to have noticeable effects could just be ~5 years away. Similarly to how computers didn't have a big impact for a decade after they were introduced as people got used to using them.
Is the image you provided depicting revenue, or stock value? My point is about revenue.
Revenues don't matter when you sell a dollar for 50ct and half of the deals are circular anyways
So you're claiming that the revenue growth of the S&P 500 over the last few years is largely due to "selling dollars for 50ct" and circular deals?
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