🔥 The market has stopped taking AI at its word
🔽 Musk is winding down the Grok bot because returns are weak. There’s capacity, there’s demand, but the economics don’t add up.
🔽 Altman is reportedly lowering OpenAI’s valuation to $1.25 trillion, and the funding round from $30 billion to $20 billion.
🔽 Anthropic: demand is crazy, but operating results are in the red. Computing bills are eating everything.
🔽 Lumentum and Marvell are being sold off, even though their products are sold out through 2029 and profits are at record highs.
🔽 Intel: down 50%.
🔽 Apple: a record report, yet its shares are still falling.
In the past, record profits meant rising share prices. Not anymore. Companies are spending hundreds of billions on AI, and investors want to know when that money will pay off. Until there’s an answer, even strong reports aren’t enough to save them.
🔽 Musk is winding down the Grok bot because returns are weak. There’s capacity, there’s demand, but the economics don’t add up.
🔽 Altman is reportedly lowering OpenAI’s valuation to $1.25 trillion, and the funding round from $30 billion to $20 billion.
🔽 Anthropic: demand is crazy, but operating results are in the red. Computing bills are eating everything.
🔽 Lumentum and Marvell are being sold off, even though their products are sold out through 2029 and profits are at record highs.
🔽 Intel: down 50%.
🔽 Apple: a record report, yet its shares are still falling.
In the past, record profits meant rising share prices. Not anymore. Companies are spending hundreds of billions on AI, and investors want to know when that money will pay off. Until there’s an answer, even strong reports aren’t enough to save them.
