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Its worse for some other "ai" related companies. Coreweave for instance, now has its CDS trade around 600bp, which is a 1/3 rise in 2 months, which implies that the probability of a default in 5 years is 40% at a 40 cent recovery rate. That makes Coreweave's credit rating the equivalent of CCC-, which aint good.
Oracle stock down 25% for the past month, but still up 35% for the year and 300% for 5 years.
Are they building something useful or did Larry just snag a bunch of GPUs, flip the gpu time for good money, and extrapolate mega exponential growth in his guidance?
Hopefully all of this happens before Open AI can be flogged to the public in an IPO large enough to get into the S&P 500 -- in which OpenAI then goes to zero
I still believe in AI and I believe many of these companies are going to be staples of this new era. That said, I hope Oracle doesn't survive this transition. We need higher moral companies to usher in the AI era.
I still believe in AI and I believe many of these companies are going to be staples of this new era. That said, I hope Oracle doesn't survive this transition. We need higher moral companies to usher in the AI era.
Companies with high morality, do those even exist? Which one of the big tech companies do you expect to work towards benefiting humanity instead of focusing on turning a profit by any means?
Earlier quoted context omitted.
If you were an actual "greybeard" your references would be Pets.com and Worldcom. Those didn't end the same way as Uber/Tesla.
to be fair, Worldcom ended in an accounting scandal. I had a friend who worked at UUNET and would sneak me into the megahub in Richardson TX at night to download movies and other large, for the time, files (first time i ever saw an OC148 in real life). UUNET was bought by Worldcom and then after the implosion my friend showed me these gigantic cube farms in the office that were completely empty of people. It was very…