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AI Companies Lose $190 Billion After Dismal Financial Reports (futurism.com)

submitted 10 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.

this post was submitted on 01 Feb 2024

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