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submitted 4 days ago* (last edited 4 days ago) by supersquirrel@lemmy.ca to c/world@quokk.au

Burn baby burn!!!!!!

“Many in the market feel we have no choice but for it to work out,”

Yes this is what it everyone feels like when they are in denial....

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[-] Warl0k3@lemmy.world 6 points 4 days ago* (last edited 4 days ago)

While you're right that it's probably a little premature to celebrate, there was still about $1 trillion in market cap for the semiconductor industry wiped out today. So put the champagne on ice and have the party hats and uncorking sabers on standby cuz this is a pretty big portent of future events (also probably prudent to buckle up because this burst is gonna trigger a recession the size of Musk's ego that's going to ruin a fuckload of people's lives. But hey at least the AI bros are suffering along with us, sorta.)

this post was submitted on 31 Oct 2026
285 points (100.0% liked)

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