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Tech stocks set to wipe out more than $1 trillion as concerns deepen about the AI boom
(www.nbcnews.com)
this post was submitted on 30 Oct 2026
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Technology
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I would be dramatically less upset if I was surprised. Its painful to of shouted this from the rooftops for what feels like years now, only to be dismissed so easily. What males it even more painful is its the same idiots that where so desperate for nfts to work because their lives are so pathetic the only way they can see it improving is yoloing it on some tiktok fad they just learned about a week ago.
The same people that are desperately defending ai on every turn desperately need it to work because they have taken full bait on the scam. They probably bought some 10k course from the PDB podcast or something like that on "how to get rich quick with ai for dummies" and then wasted 7.5k in tokens to make a web wrapper that sends all user input to Claude and does literally nothing. All their retirements are getting fucked by ai and they probably dumped all their personal savings into ai stocks. Literally the whole american economy is held up by a scam and instead of looking at death in the eye people rather claim ignorance and get mad and upset when you point out the truth.
I rapidly flip between "everyone is just misguided and have been intentionally deprived of good information", and "oh god the stupid people are running the planet, they are lesser beings who only prevent progress." And that usually just depends on my mood.
I just don't understand how practically every business in recent times has operated on this model, and its not just obvious to everyone that this is the new scam to siphon money out of you instead of a real grass roots business that has actual real proven thing.