It just means that when they finallystop buying semiconductors to fuel datacenters they aren’t even building and the semiconductor stocks crash, SOXS will go up 3x for every dollar the semiconductors go down. Only problem is that no one can guess when that is, even if many are sure it’s coming. It feels like soon but don’t make financial decisions based on what some idiot says on the internet.
Yeah, I wouldn’t take trading advice from a group of people who are desperately hoping a for a certain technology to not exist.
Is AI overhyped and overused? Absolutely. Is its use doing to decrease? Most likely. Will it “collapse”? Don’t bet on it. Or, well, do - I suppose. It’s your money to lose.
I wish u were right. I’m really not convinced its use will decrease. Agents are being weeded into ever bloody service on the internet. AI and the internet will be one thing. AI is convinient and human nature does not like complexity. Humans thrive in environments that make life easy. Internet, social media and amazon are what they are today because of convinience. AI bring convinience! I do not believe that AI will go down … it eill certainly stop growing so quickly but eventually we will find AI in our coffe machine and our toothbrush.
Oh no, don’t get me wrong - it’s here to stay. In some fields it will grow bigger, and others it will disappear. We’re now just in a phase where it’s being applied to everything to see what sticks - and that hype phase will come to an end at some point.
Short all these stocks of course. SOXS is a 3 times leverage short on semiconductors if you are feeling bold.
comments like this inspire me to become financially literate so that i could understand what was said.
It just means that when they finallystop buying semiconductors to fuel datacenters they aren’t even building and the semiconductor stocks crash, SOXS will go up 3x for every dollar the semiconductors go down. Only problem is that no one can guess when that is, even if many are sure it’s coming. It feels like soon but don’t make financial decisions based on what some idiot says on the internet.
thanks and i’m confused by whatever “SOXS” is/means.
This is probably not a good opportunity for you then. It’s not something a beginner should do. Probably I shouldn’t have brought it up at all.
i wasn’t planning on doing anything besides learning.
SOXS is just the ticker symbol. You type it into a site like Yahoo finance and you can learn about the security or trade it at your brokerage.
The market can stay irrational longer than you can stay solvent
Yeah, I wouldn’t take trading advice from a group of people who are desperately hoping a for a certain technology to not exist.
Is AI overhyped and overused? Absolutely. Is its use doing to decrease? Most likely. Will it “collapse”? Don’t bet on it. Or, well, do - I suppose. It’s your money to lose.
I wish u were right. I’m really not convinced its use will decrease. Agents are being weeded into ever bloody service on the internet. AI and the internet will be one thing. AI is convinient and human nature does not like complexity. Humans thrive in environments that make life easy. Internet, social media and amazon are what they are today because of convinience. AI bring convinience! I do not believe that AI will go down … it eill certainly stop growing so quickly but eventually we will find AI in our coffe machine and our toothbrush.
Oh no, don’t get me wrong - it’s here to stay. In some fields it will grow bigger, and others it will disappear. We’re now just in a phase where it’s being applied to everything to see what sticks - and that hype phase will come to an end at some point.