General Discussion

...that we saw in the dot com bubble.



The magnificent 10 constitute a far greater portion of the s&p value than the dot com segment did back in 2000.

Our economy is an all in bet on AI. Add to that the fact that concentration of wealth and destruction of the middle class make our economy heavily dependent on discretionary spending by the wealthy to keep us going. And when they get nervous, they can cut way, way, way back. Not an option for the vast majority who are only spending what they must to survive.

When the AI bubble bursts, it will be far, far, far worse than when the dot.com bubble did.

Magnificent 10: There are difference definitions. I focus on the CEOs over stock symbols

Elon Musk (Tesla, SpaceX, xAI)

Jensen Huang (Nvidia)

Satya Nadella (Microsoft)

Mark Zuckerberg (Meta)

Sundar Pichai (Alphabet/Google)

Andy Jassy (Amazon)

Tim Cook (Apple)

Lisa Su (AMD)

Dario Amodei (Anthropic)

Alex Karp (Palantir)

Open AI, Oracle, Broadcom are in the mix too.

C.C. Wei (TSMC) is included by some

Here's one analysis of how the end begins:

https://www.profgalloway.com/how-does-the-end-begin/