Interesting. Maybe this has something to do with the spaces between the letters and conceived, linear meanings of language. 'The Language of the Birds' is known (Occultism, Mythology et al) as "postulated as a mystical, perfect divine language.... used by birds to communic8 with the initiated." (Wikipedia). And 'shoes' facilitate walking, etc, ie 'transport' for humans. Perhaps a shoe shop pivoting to the AI industry .... is simply a subliminal message to the 'initiated'.
Market overvaluations probably can keep going longer than warranted care of massive QE required to ease deficit issues. Makes the foundations more vulnerable and the resulting sell off more extreme.
Wow, you guys highlighting the insanity of a fledgling shoe company BIRD, whose market cap was 4 billion at it's peak, gasping for air at 21 million market cap, virtually eviscerated and left for dead, decides to leave the shoe business and rebrand itself as a GPU service provider with some unnamed supposed investor committing 50 million (of course there is) and the retail fomo traders run up this low float microcap 876%, churning the float 35 times in a single session, for a record 3.8 billion shares traded, market cap going from 20 million to 200 million.
So, if I go outside, raise my hands up in the air, jump up and down, and shout AI,AI,AI as loud as I can, will a ten bagger fall out of the sky and land in my lap? I could sure use a new cat box for my cat. Need one real bad.
Yeah, but Justin, Nvidia just announced their open sourced AI model "Ising" and the three top tier Quantum Computing plays, IONQ RGTI and QBTS are up average 30%. IONQ is up 50%, RGTI 31%, and QBTS up 46%. So, even though the data centers are massively leveraged, not returning revenue and earnings, consuming all the electricity and water, and have not proven to be a viable, the market doesn't care. The AI trade is still on, until it isn't.
What's the name of the ancient Greek who tried to fly?
So much like 1999
Interesting. Maybe this has something to do with the spaces between the letters and conceived, linear meanings of language. 'The Language of the Birds' is known (Occultism, Mythology et al) as "postulated as a mystical, perfect divine language.... used by birds to communic8 with the initiated." (Wikipedia). And 'shoes' facilitate walking, etc, ie 'transport' for humans. Perhaps a shoe shop pivoting to the AI industry .... is simply a subliminal message to the 'initiated'.
.... in a sneaky fashion ...
Reminds me a little of crypto treasury companies.
Market overvaluations probably can keep going longer than warranted care of massive QE required to ease deficit issues. Makes the foundations more vulnerable and the resulting sell off more extreme.
Wow, you guys highlighting the insanity of a fledgling shoe company BIRD, whose market cap was 4 billion at it's peak, gasping for air at 21 million market cap, virtually eviscerated and left for dead, decides to leave the shoe business and rebrand itself as a GPU service provider with some unnamed supposed investor committing 50 million (of course there is) and the retail fomo traders run up this low float microcap 876%, churning the float 35 times in a single session, for a record 3.8 billion shares traded, market cap going from 20 million to 200 million.
So, if I go outside, raise my hands up in the air, jump up and down, and shout AI,AI,AI as loud as I can, will a ten bagger fall out of the sky and land in my lap? I could sure use a new cat box for my cat. Need one real bad.
I just went outside and tried your jumping/shouting idea. Didn't work unfortunately! Neighbour looked concerned.
If I had any AI holdings, which I don't, I would be dumping them now for sure.
There is also another dying company pulling that same AI scam now too.
Then there is this grim outlook for AI data centers, that should kill it for good.
https://www.zerohedge.com/technology/half-us-data-centers-are-set-be-canceled-or-delayed-2026
Yeah, but Justin, Nvidia just announced their open sourced AI model "Ising" and the three top tier Quantum Computing plays, IONQ RGTI and QBTS are up average 30%. IONQ is up 50%, RGTI 31%, and QBTS up 46%. So, even though the data centers are massively leveraged, not returning revenue and earnings, consuming all the electricity and water, and have not proven to be a viable, the market doesn't care. The AI trade is still on, until it isn't.
Yes, and that all tells me that now is a great time to get out of the AI trade!
The private credit implosion is coming very soon too that will burn them both down. "This ends badly."
https://quoththeraven.substack.com/p/sick-behavior-from-financial-psychopaths
I'm also betting that Bitcoin at 110,000 was its top, and it eventually dumps like BIRD will too.
Peak financial lunacy isn't only evident in hindsight. However ultimate timing of inevitable resolution is.