Charlie StrossFeb 4

Welp, it's all kicking off this week in AI!

Nvidia is going all squishy over a planned $100Bn investment in OpenAI:

https://www.cnbc.com/2026/02/02/nvidia-stock-price-openai-funding.html

Microsoft Azure income shrank 2% despite huge investment by MSFT and knocked a $375Bn hole in their finances: MSFT shares down 10% in 3 days:

https://www.fool.com/investing/2026/02/02/shares-down-10-earnings-call-microsoft-stock/

… Is the AI bubble over?

Show threadadamriceFeb 4
@cstross Nvidia investing in OpenAI sounds like blowing smoke up your own ass in order to levitate.
Show threadCharlie Stross
@adamrice Exactly! How come you spotted it while all the blue chip funds didn't notice?
Feb 4 at 8:49pmWeb
Show threadBruno NicolettiFeb 4
@cstross @adamrice Fear of missing out on the upswing. Most investors are not driven by any rational analysis but by two instincts, greed and fear. Looks like we are in the middle of the flip from one mode to the other.
Show threadBecca 🌳🚀🛀Feb 4
@bjn @cstross @adamrice It's a promo to drive sales yet again. I'm looking forward to the GPU and RAM flash sales. I have some nice local model things I wanna try, without data sharing across the interwebs.
Show threadLichoFeb 4

@cstross
1. The classic game of chicken
2. Echo chamber of yes men
3. They have the insider knowledge when the dump will happen.

That's my experience from the crypto world. That's how it usually happens. They will be the ones to scream "buy the dip, the upside is still unlimited" while emptying their bags on the retail investors.

@adamrice