this post was submitted on 01 Feb 2024
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369
AI Companies Lose $190 Billion After Dismal Financial Reports (futurism.com)
submitted 9 months ago by stopthatgirl7@kbin.social to c/technology@lemmy.world
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Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.

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[–] frezik@midwest.social 1 points 9 months ago

I don't see it where it's part of a broader stock market trend. Sp500 is up 1.25% today, 1.52% for the past 5 days, and 4.74% for the last month. Those are spectacular numbers (for people with stock market portfolios).

AI crashing in its own little corner is fine by me.