Jim Cramer, who famously told people to hold Bear Stearns as the 2008 crash was unfolding, is making another bold prediction on LLM's and GenAI. If you're heavily invested in LLM's and GenAI, this is just another thing to think about as financial shenanigans continue to unfold.
I don’t think Cramer has the requisite skills to understand this.
Weirdly, Wall Street quants do have the requisite skills to understand the tech in detail.
Agreed. Dude is just an entertainer.
"Fanny Mae and Freddy Mac are fine"
You should check their last 1 year charts btw. Trump wants to do some shit with them and they've 10x since November election.
Hilarious that this guy is wealthy even though he's been wrong so many times. It just goes to show that being loud and confident is what matters most.
It's not going to be a pop. It'll be a fizzle. This one isn't a debt fueled collapse - everything has been paid for up front with cash. The companies who are paying for the enormously expensive datacenters just won't ever bring in non-investor money. Yes that can result in some sudden bankruptcies and subsequent devaluations - but nothing that will make a company's market cap shoot to zero.
If anything be happy that the billionaires who are personally funding all of this ai shit will lose their investments.
I could see a decade of stagnation because of this.
But I also think in a few quarters someone will start asking questions when these new data centres start coming online
I think you mean another decade of stagnation.
The grim reaper of finance has weighed in
Thats a good one
Oof, the bubble-pop is closer than I expected.
Ah yes, the ever old reliable RCI.
Reverse Cramer Index.
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