Arthur · 5 answers · 9d
The US stock market registered a noticeable decline in tech stocks just because a chinese AI company announced their newest generative model was cheaper to operate. Are investors dumb? I maintain my opinion that tech companies are overvalued but that decline felt pretty exaggerated.
I answered this in response to Sean's answer, but apparently nobody read it, so I'll answer it here: @ColorStorm
inhahe · 1d
i imagine there's somewhat of a recursive, self-fueling feature to it. like, it may seem dumb for the price to go down so much just because of that, but investors foresee that that the other investors will foresee that the other investors will foresee, etc. that they'll all be dumb and the price will go down, so they end up being right, and therefore smart.
