$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ today is all a...
today is all about AI if they can make money or not. my guess it doesn't. if AI don't materialize, MM will sell massively.
we saw in last Q there is no clear guidance from Microsoft. Meta came out with a stupid Ray Band glasses that mimics Google glasses that is clearly a failed project. Google holds the biggest search engine in the world. if Google were to close the rights against Meta to get data they have a cool Ray Band glasses at least. And we already have Google glasses on our phones. Google been stepping up their AI by far. But doesn't mean they are immune to recession, Google will fair the best because they didn't throw their cash into the pit of fire.
financially speaking if I were to say which tech will recover from this recession it will be Google only. Meta in huge debt. Microsoft wasted their money buying Blizzard (stupid move, should let them bankrupt then you buy the name. same goes for Bethesda.). added to the fact that Microsoft owns the government money in tax.
given the news from China that Nvidia chips cannot be sold. this will totally void the AI mania.
you need alot of engineers/programmers to guide the AI. from what I am seeing alot of them got laid off already.
Bill Ackman closed his short on bond yesterday. think of why he did that? FYI, he shorted the bond market before the bond market collapse.
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Tracy Vonta Little : HMU
Lu Lulu : All of this indicates that the Fed will continue to raise interest rates and keep them for a long time. Yellen said
razo2 OP Lu Lulu : they have no choice. inflation will come back and eat US alive if they don't. any signs of a rate cut will send the inflation to pluto.