Technology

59569 readers

4194 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

863

The air begins to leak out of the overinflated AI bubble (www.latimes.com)

submitted 2 months ago by grid11@lemy.nl to c/technology@lemmy.world

260 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Nomecks@lemmy.ca 1 points 2 months ago (1 children)

Well, I'm no stockologist, but I believe when your company has a perpetual sales backlog with a 15-year head start on your competition, that should lead to a pretty high valuation.

[–] utopiah@lemmy.world 1 points 2 months ago

I'm also no stockologist and I agree but I that's not my point. The stock should be high but that might already have been factored in, namely this is not a new situation, so theoretically that's been priced in since investors have understood it. My point anyway isn't about the price itself but rather the narrative (or reason, as the example you mention on backlog and lack of competition) that investors themselves believe.