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Misc Stock Market
- Thread starter ForsythSnow
- Start date
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.
ForsythSnow
Moderator
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
256wx
Member
Good for savings accounts.
Also, this is good in that it displays the crucial independence of the Fed from DT.
The market is handing it well since it was expected and thus already discounted.
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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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