I superbly expect the AI stocks (even before public listing - look at SPCX) to crash which will likely drag the rest of the market down. I have some cash waiting to buy in the crash
SPCX it was listed and crashed. Good if you shorted near the peak, Look at Burry's short on Palantir, it's down from near $200 to $120 now with a low of just above $100
Same here. SPCX was kind of risky because it has some business lines (mostly through cars and as an ISP) but both Anthropic and OpenAI are terrible companies. They bleed millions by the hour, have no path to profitability, and have been hoping somebody magically would find one for the last three years. It didn't happen. Easiest short of the decade.
it's down from near $200 to $120
Damn. That would explain Karp freaking out on CNBC earlier. Sometimes I'm genuinely sad for the guy. Achieving social status by lowering its moral standards, while at the meantime working for the self-proclamed Antichrist messiah, must be quite a challenge.
I saw Burry's Palantir short but was too late to buy the puts, it was around $180 from all time high of about $200 at the time and now $122.