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Misc Stock Market

Going to be interesting how the stock market reacts after the Big 3 (OpenAI, Anthropic, Grok) said they will slow down AI development due to safety risks.
 
Snowfan said:
Going to be interesting how the stock market reacts after the Big 3 (OpenAI, Anthropic, Grok) said they will slow down AI development due to safety risks.
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The money must be running out for all of them with no new investors. AI will definitely be a cause of economic decline soon and I'm sure we are near the peak itself now. It just takes one of their IPO's and down it goes
 
Due to the slightly higher than expected CPI today, the NASDAQ is down 1.6% today with semi-conductor stocks like NVDA (-3%), AMD (-6%) and INTC (-4%) all getting hit today among others. Even worse keeping in mind that PCs obviously have semi-conductors in them are Dell (-12%, worst day since 4/3/25) and HPE (-8%)!
 
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JQPublic said:
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This adds some credence to the data center argument about how much power they consume. As more have been built, electricity costs are creeping up past the rate of inflation. Of course, the higher electric bills you are paying may be due more to rapid growth in an area where you live and the costs to build additional infrastructure to handle the demands of additional residents and businesses. This I believe is the driving factor in the increase in my electric bills living in Wake County, North Carolina which is one of the most rapidly growing areas in the nation.

My electric bill has almost doubled compared to the previous year during 2026. Getting a new HVAC unit recently has cut it down to about where it was before. That being said, there were a lot of my friends and neighbors who got sticker shock when they saw their utility bills this past summer.
 
weather bubba said:
This adds some credence to the data center argument about how much power they consume. As more have been built, electricity costs are creeping up past the rate of inflation. Of course, the higher electric bills you are paying may be due more to rapid growth in an area where you live and the costs to build additional infrastructure to handle the demands of additional residents and businesses. This I believe is the driving factor in the increase in my electric bills living in Wake County, North Carolina which is one of the most rapidly growing areas in the nation.

My electric bill has almost doubled compared to the previous year during 2026. Getting a new HVAC unit recently has cut it down to about where it was before. That being said, there were a lot of my friends and neighbors who got sticker shock when they saw their utility bills this past summer.
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In all honesty, that increase is likely a lot more higher wages/part and supply increases than data centers. See the spike after 2020.

Water is next.
 
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