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 threadSteve DowneyFeb 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

Show threadJohn GriffithsFeb 4
@Sdowney @cstross both sides can be insanely overvalued at the same time!
Show threadcliffordheathFeb 4
@johnboy @Sdowney @cstross It's almost like both sides provide things that won't be needed when everyone is suddenly reduced to subsistence farming
Show threadJohn Griffiths
@cliffordheath @Sdowney @cstross and 7 billion people die in a year :-(
Feb 4 at 10:05pmWeb