cross-posted from: https://lemmy.world/post/54031373
NEW YORK (AP) — Another wipeout for stocks tied to the buildout of AI data centers is overwhelming Wall Street on Thursday and more than erasing all its gains from the day before, which was its best in three months.
The S&P 500 fell 3.5% after opening with a loss that accelerated through the morning. It’s on track for its worst drop since President Donald Trump shook markets worldwide in April 2025 after announcing his “Liberation Day” tariffs.
This is GOOD news. We’re letting air out of the bubble and, hopefully, healthily redistributing it across the economy into BUSINESSES THAT DO SOMETHING WITH VALUE.
Hopefully this bubble doesn’t kill those businesses.
Oh no not the businesses
BUSINESSES THAT DO SOMETHING WITH VALUE
Those businesses specifically.
Would someone please think of specifically those businesses that do something of value
Well, they have my thoughts and prayers.
I guess any shred of care I have for a business stops at the IPO.
Not all businesses are evil companies trying to suck the life out of workers at the benefit of their personal yacht fund.
Keep rolling rolling rolling rolling (downhill)
A Limp Bizkit reference? In this economy?
Well done, internet person.
It’s a Blues Brothers reference.
That’s “rawhide”
Chicken wire?
Long overdue, the layoffs began a while ago. They’ll blame the Democrats and the midterm, but this has been something coming for the past year.
Good. More, more!
Took some of my stock with it even though I don’t own AI stock
The healthy ones will recover. I imagine there will be a few 3% dips over the next months. I wasn’t expecting it in a single day though, lol.
