AI crash coming closer? South Korea’s Kospi plunges 10%, triggers trading halt
https://m.economictimes.com/markets/us-stocks/news/ai-crash-coming-closer-south-koreas-kospi-down-8-triggers-trading-halt/articleshow/131927498.cms
179 points · 17 comments · view on lemmy.world
17 Comments
keisatsu@infosec.pub · 35 pts · 76d
looks like old news tho, its from tuesday?
gole@lemmy.zip · 17 pts · 76d
Yes, this is old news. Today numbers went up again.
DontRedditMyLemmy@lemmy.world · 25 pts · 76d
If you want this thing to burst sooner than later, I could buy my first share. My timing is always impeccable.
osaerisxero@kbin.melroy.org · 9 pts · 75d
You're going to need to take one for the team here buddy, this shit is getting out of hand.
KyuubiNoKitsune@lemmy.blahaj.zone · 5 pts · 76d
I just put some money into tech stocks, so it's time for the crash.
Buffalox@lemmy.world · 23 pts · 76d
This is exactly what I argued the other day, where it was posted that SK Hynix was worth more than Samsung electronics.
There is no way in hell SK Hynix can be worth more than Samsung electronics.
Eternal192@anarchist.nexus · 15 pts · 76d
I never wished death on anyone or anything but seeing this fucking abomination slowly die puts a smile on my face.
Buffalox@lemmy.world · 9 pts · 76d
What abomination exactly do you mean?
Kospi is a Korean stock index.
I guess you mean AI, I just don't see AI as one single thing.
AI won't die, the industry will merely crash economically, but AI services will still be there.
And they need to be way more regulated.
MyTurtleSwimsUpsideDown@fedia.io · 9 pts · 76d
The hype can die. The force feeding can die. The market bending, consumer hardware scarce-ifying, and local infrastructure upending spending can at least temper a bit.
HubertManne@piefed.social · 13 pts · 76d
Honestly I think the circuit breakers at small levels like 10% are part of the reason the market is sorta messed up. more companies should have crashed and burned.
ultimate_worrier@lemmy.dbzer0.com · 2 pts · 75d
FlashMobOfOne@lemmy.world · 3 pts · 76d
There have been several micro-crashes. There was one last autumn in the crypto space.
Hopefully regular people are given enough time when the bubble pops to maneuver, but there's no guarantee. I'm just assuming there will be a coordinated effort among the Epstein Class when the crash becomes inevitable and they'll exploit it while most retail investors lose everything.
kyonshi@piefed.social · 7 pts · 76d
Haha. No.
Who do you think is supposed to pay for this mess?
FlashMobOfOne@lemmy.world · 4 pts · 76d
Yeah, I know. It'll almost certainly be a quick, real-time crash that the Signal chatters in Washington had advanced warning about, and retail investors will listen to Jim Cramer telling them to keep investing and lose their hats in the process.
urushitan@kakera.kintsugi.moe · 7 pts · 76d
Many people who aren't retail investors won't even have a choice anyway. Their 401(k) will be tied up in speculative funds they don't control. People's retirements will shield the rich, all part of the plan
roserose56@lemmy.zip · 2 pts · 75d
Let it crush, let it crush, people don't understand, people don't understand, only when it crashes they will see the problem.
melsaskca@lemmy.ca · 1 pts · 76d
I think they will completely drop AI in the next few months and go full in on wearable "tech" vests. /s
albbi@piefed.ca · 2 pts · 76d
Or maybe they'll go back to selling shoes.