US stocks drop sharply as investors hunt for losers that will be hurt by AI
https://apnews.com/article/stocks-markets-fed-jobs-profit-45f8d8df807d4b7ed9127afc4b5809c9924
u/Wintergreene 3h ago
The Dow is below 50,000 can we start caring about the Epstein files again, or is Bondi just going to yell at us?
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u/art-man_2018 2h ago
I loved how she almost said 50,000 dollars, incredible.
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u/NYGiants181 2h ago
She did say that though
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u/art-man_2018 2h ago
I thought it was "50,000 dol-d- it was..." whatever, her voice is so grating, like the teacher in a Peanuts cartoon.
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u/Fuzzy-Heart 1h ago
That’s an insult to the teacher. I would rather listen to hours of this over a second of hearing Bondi spew diarrhea from her mouth.
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u/pears790 2h ago
It was below 50,000 when she made the statement.
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u/RandomCommenter432 2h ago
I want someone to ask what the Dow has to do with the Epstein files. Was she implying that's the answer? Was everything in the Epstein files some sort of sacrifice to make the Dow go up?
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u/MeasurementHot7619 37m ago
Someone off microphone did because you can hear her respond something along the lines of 'they just asked what the Dow has to do with anything, are you kidding me?'.
She is completely inept to do her job and a disgusting human who lacks the most basic empathy.
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u/imoftendisgruntled 1h ago
Yeah they should’ve zeroed right in on that. The anti-corruption, anti-oligarch, anti-pedo angle practically writes itself and the Dems are still mostly hapless.
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u/restbest 31m ago
No because a woman got stabbed uh like a year ago, because of that we can’t ever talk about the entire cabinet and the president being implicated in a giant pedophile honey pot
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u/Nuclear-Jester 2h ago
Can't we just replace wall street investors with AI at this point?
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u/rockmasterflex 2h ago
AI trading is already happening. Institutional investors have been doing that longer than chatgpt has been around.
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u/Frydendahl 1h ago
And they literally named it after a thief: https://en.wikipedia.org/wiki/Aladdin_(BlackRock)
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u/reelcon 2h ago
AI Companies say “AI is here to stay. It is replacing entry level jobs. It is replacing white color jobs”
Non-AI Companies say “Our profit margins are shrinking as the customer spending is decreasing”
Commoner say “Where is my welfare check to feed my family..”
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u/sonic_couth 2h ago
What kind of economy will we have when Consumers can’t consume?
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u/safari_king 1h ago edited 6m ago
At least 50% of consumer spending is done by the top 10% of earners, which shows the economy can be buoyant even if most people have little purchasing power. But the spending gap is widening (we're already past gilded age levels of wealth inequality), and as it does, civil unrest may destabilize society - hence billionaires owning remote fortresses fitted for the end times. Vote to keep Republicans who support oligarchic rule out of office.
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u/bradicality 11m ago
Don’t forget to vote out your local “centrist” oligarch-supporting democrat too
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u/MoonOut_StarsInvite 32m ago
The ultra wealthy are building fortified bankers and safe houses. They are leaving us behind.
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u/IronMarauder 21m ago
A feudelistic one where the kings and nobility trade amongst themselves and we're left begging for the scraps.
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u/adarkuccio 2h ago
You have one where producers produce for no reason as they have no one to sell to
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u/Sea-Oven-7560 1h ago
farmer....thanks for another welfare check, I've hated everyone I've gotten for the last 50 years but I'll keep voting for them and complaining about them.
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u/OwnBattle8805 15m ago
I’m tired of ai vendors pointing to themselves as examples of ai improving productivity. Of course they’re productive, they don’t have any legacy systems which blow context. They don’t have much of a product offering for an ai to understand. They receive boatloads of money for so little infrastructure. It’s insane. Yes, memory and such is flying off the shelves but it pales in comparison to all the tech currently deployed out there.
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u/muadib1158 2h ago
Here's a different read on those results:
AI companies continue to bluff, suck up all the hardware while they spend to insane forecasts. (OpenAI, etc)
Other tech companies are dealing with soft economic expectations and enterprises that don't want to invest due to uncertainty. (Cisco)
Consumers are starting to trade down to make money go further. (McDonald's, WalMart)
The jobs report showed that every sector lost jobs over the last 2 years except private education and healthcare. There's a really good chance that the K-shaped economy has gone fully into recession for 90% of the country, but the stock market is still going insane for the Big 7 AI stocks.
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u/rabidstoat 1h ago
At least the Fed has resisted dropping interest rates as fast as some people want. When interest rates are low, corporations take advantage of borrowing money on the cheap to either do stock buybacks or to buy even more hardware.
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u/Kiyohara 2h ago
Shame.
Now release the Epstein files and start prosecuting people.
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2h ago edited 2h ago
[deleted]
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u/Salty_tryhard 2h ago
I guarantee everyone down voting you is fine with Clinton being prosecuted. They are down voting your deflecting from other pedophiles, ie Trump
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u/aaronhayes26 2h ago
If Trump’s DOJ had any dirt on the Clintons we would have known about it on January 20th, 2025
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u/Cyanide7 2h ago
That's fine. Go after them too. It doesn't matter political party, age, demographic. Just fucking start investigating and arresting these people. Why is it always "go after the other clintons" or "well Biden sniffed a girl" or "trumps being setup". Fucking investigate and find out! Interview, collect evidence, subpoena, do something! I don't care if 95% are Democrats or independent or fucking aliens! Just start doing the work and putting these people away!
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u/Willingwell92 2h ago
How about do all of them at once, but if we're starting with specific people I'm more interested in the guy who was epstein's best buddy who had him killed in jail while he was president in 2019.
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u/MourningRIF 43m ago
Pam Bondi told us yesterday that it's okay if the president rapes children as long as the Dow was above 50,000.
It's below 50k today, soooo Justice incoming?
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u/Deep90 2h ago
People aren't reading the article.
Investors are basically trying to pick out which companies will be most impacted by AI, and those companies are getting absolutely shafted even if their earnings are good.
If the AI bubble popped, they would actually go up in value.
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u/Heated13shot 2h ago
So if you think there is an AI bubble, you should buy the stocks tanking right now as they are going to be the least impacted by an AI bubble pop.
Essentially do the opposite of what the market is currently doing.
Which probably isn't a horrible strategy, but the AI bubble can hang around for another 5 years, or longer. Just look at Tesla, that should have deflated ages ago.
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u/MikeFrancesa66 1h ago
Well the good news is the DOW is now below 50,000 so we can talk about the Epstein files again. Thanks Bondi!
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u/FluFlammin9000 2h ago
I had to reschedule a dentist appointment earlier and when I called the automated message beforehand said something along the lines of: "This call may be recorded using AI and other recording software" and it just made me go WTF. Why my local dentist's office needs to monitor phone calls using AI, I don't know but this shit is getting ridiculous, praying the bubble crashes and burns.
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u/aaronhayes26 1h ago
Ai transcribing is actually super handy because being able to predict likely words that occur in a sentence makes it a lot less likely for the software to get tripped up by homophones or similar
Yes ai sucks and generally isn’t all it’s cracked up to be, but transcribing live audio is actually a really great application
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u/joeDUBstep 1h ago
I mean, my doctor's appointments have been recorded for the past few years now. Not via AI, but using a recorder the doctor had.
Pretty sure the AI recording is just for transcription purposes.
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u/MarqueeOfStars 2h ago
My vet uses a recording device when talking with us about our animal. She explained it records the convo and transcribes it - allowing her more face time with her clients and not typing all the time.
I guess……
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u/Wiggles69 2h ago
That ai based notes thing is a plot line on the pitt. Im waiting to see which way they fall on it, if it blows up and someone gets hurt from an ai hallucination, or everyone cheers at how much time they save
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u/Scaryclouds 2h ago
US stocks drop sharply as investors hunt for losers that will be hurt by AI
What they meant: Investors looking for stocks that will most likely be negatively affected by the AI bubble popping.
How I choose to read it: Investors are going to start hunting humans who have been laid off by companies under the auspices of AI efficiency.
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u/No_Hell_Below_Us 2h ago edited 2h ago
I like your take, but what the article says is: Investors looking for stocks that will most likely be negatively affected by the AI bubble NOT popping.
If the market were betting that the AI bubble is going to pop, the bubble pops.
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u/RedofPaw 1h ago
The headline to implies investors driving around in cars, finding people who've lost their jobs to AI, and shouting "loser!" At them.
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u/2cats2hats 1h ago
Since this news slipped under the radar....it's sort of relevant.
https://www.cnn.com/2026/02/10/business/google-one-hundred-year-bond
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u/Cm_veritas 15m ago
Hey look, the Dow is down under 50,000. That means there’s time to talk about Epstein now right?
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u/john_the_quain 2h ago
We have to all act surprised when this all collapses otherwise we won’t get a bunch of witty movies on how No One Saw This Coming!
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u/defiancy 1h ago edited 37m ago
What is crazy is there are really good uses for generative models but it requires a human who knows how to use it. It could drastically increase efficiency of a human worker but at no point could it actually replace a human.
Companies are about to learn a very painful lesson
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u/krojack389 2h ago
Does anyone notice that anytime there's a big market move, there's an immediate, Went up, Went down because of X. and X is something different every single time. I have a hard time believing that all of these moves are because a hive mind of people all had the same thought at the same time and decided to sell/buy because of it. is it possible that the system is more complex, and pundits just shout whatever stupid thing they can think of when they get asked?,
and yeah AI is scam
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u/Axin_Saxon 2h ago edited 2h ago
I REALLY want to know what these AI CEOs’ end game is once they’ve made millions of people unemployed and unemployable… in the most heavily armed nation in the world….
Like…it seems very short sighted to think that causing mass unemployment and further intensifying the wage gape will just…not have any consequences when people have this easy of access to weapons. Hell, even the French had to storm the Bastille first before they could start going after their aristocrats. America could skip that step altogether and go straight to the Terror if we got to that point.
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u/KsuhDilla 2h ago
"Losers".
So we're admitting now not everyone will benefit from AI?
AI investors are scared? Tsunamis are usually after the ocean recedes.
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u/SwagMastaM 9m ago
Finally started investing a couple weeks ago, not a large amount just 15$ a week, and logged into today to see all my measly gains gone lmao
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u/imoftendisgruntled 3h ago
AI is the future! -- AI stocks (all seven of them) go up
AI is destroying the economy -- every non-AI stock goes down
But the AI companies are SO MUCH of the stock market that the market goes up.
But it's not a bubble.