The sharp drop is the latest sign of anxiety creeping through Wall Street over how long it will take AI companies to see returns on massive investments.
  • plenipotentprotogod@lemmy.worldEnglish
    33·
    9 days ago

    I know the article is about google, but the bit about caterpillar is insane.

    The bleeding even spread beyond the tech sector, as shares of the construction equipment giant Caterpillar — a key supplier of the machines required to build data centers — plunged 9.2% on Thursday. Caterpillar’s recent earnings report revealed that its revenue beat Wall Street expectations but by less than many traders had hoped.

    So, their earnings beat expectations, but they didn’t beat the expectations for how much they’d beat expectations, so the share price went down.

    What is even going on at this point?

    • AdolfSchmitler@lemmy.worldEnglish
      4·
      8 days ago

      This exact thing has been driving me crazy for like a decade now. Say a company makes $1 billion in profit one year, and the next year isn’t as good but they make $800 million. Still a very profitable company, but because it was less then the year before it’s considered horrible and the company is basically going out of business.

    • TankovayaDiviziya@lemmy.worldEnglish
      3·
      9 days ago

      So, their earnings beat expectations, but they didn’t beat the expectations for how much they’d beat expectations, so the share price went down.

      That’s why I always say that big shot, institutional investors are a bunch of cunts. They always think in short term. That’s why I am in favour of half year earnings report so that there is less pressure for companies to think in three months time.

    • Impractical_Island@lemmy.worldEnglish
      33·
      8 days ago

      I asked my penis, she said start using the bitch. I said I beat you daily and she starts talking about ass and pussy and it’s like I might be the second coming but I ain’t no miracle worker, aight? Fucking get off my dick already, you fucking dick, amirite?

  • CAPSLOCKED@lemmy.worldEnglish
    9·
    9 days ago

    anyone notice their search engine enshittify with dates? an advance search let you search between points in time, like between 2010 and 2012 specifically. you can’t do that anymore. other search parameters are gone. along with renaming lake ontario it’s the equivalent of history book burning.

    • GreenKnight23@lemmy.worldEnglish
      0·
      9 days ago

      they did away with that around the same time they removed it from YouTube. probably because they knew people weren’t going to read/watch AI generated bullshit.

      jokes on them, I still found ways to search YouTube between dates.

  • Tattorack@lemmy.worldEnglish
    61·
    8 days ago

    Intel is down, AMD is down, SpaceX is going down slowly. Amazon dropped like a rock at the same time as Intel and AMD, but they seemed to have climbed out of the ditch somewhat, but as of yet still not up to where they were before 4pm CET yesterday.

    Nvidia is also down, but not by much. In fact, a lot of America is down in stocks at the moment, while Europe is going up in stocks.

    • IndustryStandard@lemmy.worldEnglish
      0·
      7 days ago

      Every big financial crisis has a few pump and dumps along the road before the real sell-off starts, which is all in the hands of the actual elite.

    • UnderpantsWeevil@lemmy.worldEnglish
      0·
      7 days ago

      Intel is down, AMD is down, SpaceX is going down slowly.

      Off of stratospheric highs. They’re now merely overvalued, rather than extremely overvalued

  • AccoSpoot1@lemmy.worldEnglish
    61·
    8 days ago

    That is a frankly absurd amount of money to lose in a single day and not go out of business!

    • tauisgod@lemmy.worldEnglish
      0·
      7 days ago

      I bought a block of cheese for $10. Yesterday someone offered me $12 for it. Today someone offered me $8 for it. Where did the $4 go?