The SP500 is basically the tech market these days, so that makes sense. When it goes up or down, it's because a few tech companies took hits or gains and that steers the ride.
I'm sorry, you're saying a $492/share stock losing $3 in a day means what?
(I'm not defending anything that's happening in the markets related to AI. I fully believe this bubble will burst soon. That doesn't change the fact that zooming in on 24 hours of a stock price and omitting the y axis is fucking dumb.)
17 Comments
saltesc@lemmy.world · 48 pts · 30d
That graph is so zoomed in and 0.65% is inconsequential. That usually means the opposite is true to what the OP says...
Yep.
Microsoft (MSFT) Is Up 24.8% After AI-Fueled Q4 Earnings Reveal OpenAI-Driven Revenue Surge
Yup...
idunnololz@lemmy.world · 4 pts · 30d
If you go to 1m its up 28%. But if you look at 5y its performing about the same as sp500.
saltesc@lemmy.world · 3 pts · 29d
The SP500 is basically the tech market these days, so that makes sense. When it goes up or down, it's because a few tech companies took hits or gains and that steers the ride.
idunnololz@lemmy.world · 1 pts · 29d
It does mean though that before this massive swing MSFT was actually behind sp500.
protist@retrofed.com · 18 pts · 30d
I'm sorry, you're saying a $492/share stock losing $3 in a day means what?
(I'm not defending anything that's happening in the markets related to AI. I fully believe this bubble will burst soon. That doesn't change the fact that zooming in on 24 hours of a stock price and omitting the y axis is fucking dumb.)
TankovayaDiviziya@lemmy.world · 0 pts · 29d
Newbies in investing think 3% loss means it is going to crash.
UnderpantsWeevil@lemmy.world · 14 pts · 30d
Ed Zitron has been screaming about this for over a year.
PP_BOY_@lemmy.world · 10 pts · 30d
Watch The Big Short if you haven't already. Saw it for the first time in theaters last weekend. Damn good movie.
trolololol@lemmy.world · 5 pts · 30d
It
iswas amazon, right?UnderpantsWeevil@lemmy.world · 19 pts · 30d
Worse. OpenAI.
Which has received over $13B of Capex from it's largest shareholder... Microsoft.
Literally Microsoft paying Microsoft to buy data center resources from Microsoft. It's the EBITDA equivalent of a hand job.
SacralPlexus@lemmy.world · 9 pts · 30d
#BrandNewSentence
kamikazerusher@lemmy.world · 2 pts · 30d
Every body is the dumb ass?
UnderpantsWeevil@lemmy.world · 2 pts · 30d
Close
Malyca@lemmy.zip · 5 pts · 30d
🤣 at least the end of the world is funny y'all, silver lining
WhyIHateTheInternet@lemmy.world · 4 pts · 30d
I would laugh but I'm afraid I'm so malnourished I'll break a rib
Malyca@lemmy.zip · 4 pts · 30d
soft internet hugs
liking625@lemmy.world · 1 pts · 29d
Bags of eter gas cash