istewart
I don’t think Trump’s presence changes much regarding the AI bubble. It’s still massive capital and operational expenditure, with ??? revenue to show for it. Trump very likely faces a big stock market correction in 2025 or no later than 2026, just as surely as Harris or Biden would have.
This is going to drag out for years, as such things do… and I would not at all be surprised if, a couple years in, Nvidia turns around and starts a PR blitz along the lines of, “tee-hee, that genAI bubble wasn’t nearly as big as we thought it would be! Look what happened to our revenue and stock price! Monopolists, lil ol’ us?!”
In other words, good on the prosecutors, but I feel like they’re only doing this now because of the mainstream hype that AI is inevitable and will conquer all industries.
Well, he was already practically an SS-Mann without the neck lapels, so why be surprised about this?