Mastodawn

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?

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Steve Downey Feb 4

@cstross But simultaneously the debt market is selling off bonds from SaaS companies on the panic that AI will replace them.

Two crashes on opposite sides of the same bet.

yay

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Dan Sugalski

@Sdowney @cstross Every time anyone talks about the invisible hand of the market, or the wisdom of the markets, I just... point them at what the actual market does and laugh.