Scustin Bieburr
Baby baybee baybee UUUGH
And this is why the AI bubble will not burst.The economy is focused on selling dreams instead of selling tangible products/services.
America won't let it. The traditional economy as most people understand it died when venture capital and tech linked up.
A company can be unprofitable for YEARS and survive purely based on what they think it will deliver in the future. Uber is probably the most successful example of this. Tesla is worth over 250 a share. They do not make a nicer car than Porsche, they don't make a cheaper car than BYD, and they don't have anywhere near as much variety as Toyota but tesla is worth more than all 3.
The government will do whatever it needs to do, including printing more money. Theres no fear of inflation because the dollar is still far and away the most valuable currency. It doesn't matter if this ai investment produces nothing meaningful for the average person. They dont care about the average person they care about the share price.
As long as millions of pensions are invested in funds that include fractions of these companies and retail investors keep spending money to pump those stocks, this will continue until a new actually useful tech shows up and they'll all jump ship and put everything into that.