Chip, AI Stocks Fall. OpenAI's Annualized Revenue $20 Billion Less than Previously Signaled, FT Reports
Reuters07:11
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This is the problem and the reason why most AI companies saw their share prices fall immediately after they post their otherwise "good" results. The markets have completely gone nuts with their valuations of these businesses. And the odds are prices will correct dreadfully when actual business results are confirmed. But this is not the worst. Because most of these businesses are living off borrowed capital, the next results will see greater erosion of margins when cost of funding are realised. Money off now. Bird in hand is better than risk at large.....
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