Remember how the "retail theft crime wave" disappeared as soon as companies had to do their annual reports? That's because it's illegal to lie to shareholders.
AI is booming (if you're a pleb) but if you have money - Goldman Sachs will be honest with you instead web.archive.org/web/20240629...
So the chips make sense in making money. As do the energy companies. I also understand cybersecurity making money as AI progresses. In addition, I foresee companies like IBM making some profit in consulting on how to use AI. AI is at the very beginning. It’s all going to take a while to sort out.
This is like the dotcom bubble: build a website and the revenue will appear. How? It's a new economy!
Lots of money was invested in startups that spent lots of that money with tech providers and then cratered when the new economy somehow failed to materialize.
And of course the technical service providers are desperate to keep new investment flowing into their customers, so their FOMO marketing budgets are expanding
