NEW YORK (AP) — Another wipeout for stocks tied to the buildout of AI data centers is overwhelming Wall Street on Thursday and more than erasing all its gains from the day before, which was its best in three months.

The S&P 500 fell 3.5% after opening with a loss that accelerated through the morning. It’s on track for its worst drop since President Donald Trump shook markets worldwide in April 2025 after announcing his “Liberation Day” tariffs.

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[–] 8 points 6 hours ago (1 child)

Overall that’s definitely the sentiment here, but there were some roaming contrarians/AI huffers who were insistent it’s not a bubble because ‘inference is getting cheaper’/‘companies losing money at first is normal’/everything except the obvious.

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  • [–] 2 points 5 hours ago

    Inference is cheaper is true, and they charge more, but they are still deep in the red, and there is no way they can achieve a reasonable return on their investments.
    They may not go bankrupt, but they won't make a whole lot of money either.

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