this post was submitted on 29 Sep 2023
49 points (90.2% liked)
US News
2037 readers
31 users here now
News from within the empire - From a leftist perspective
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Basically, the stock market ran on AI hype because people thought that AI would transform the economy somehow. Now the hype is dying down, people are coming back to reality where economy isn't actually growing and tech stocks aren't gonna be enough to save it.