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The air begins to leak out of the overinflated AI bubble
(www.latimes.com)
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this post was submitted on 06 Sep 2024
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I'm also no stockologist and I agree but I that's not my point. The stock should be high but that might already have been factored in, namely this is not a new situation, so theoretically that's been priced in since investors have understood it. My point anyway isn't about the price itself but rather the narrative (or reason, as the example you mention on backlog and lack of competition) that investors themselves believe.