This AI trade is crazy. Either it’s the biggest trade of my life that I will HFSP by not owning any stocks in AI. Or it is one massive bubble that everyone is piling into because markets no longer make sense.
The idea that Open AI which almost has no revenues is worth more than
- Pizza shop (Dominos)
- Online meeting (Zoom)
- Music (Warner Music Group)
- Airlines (American Airlines)
- Language education ( Duolingo)
- Apparel (Ralph Lauren)
- Legacy media ( New York Times)
- Advertising (Snapchat)
- General Media Player (Roku)
I haven’t read all 13 takes on this company but I still remained skeptical. One would say Open AI will transform all of these businesses and they will become dependent on Open AI services and that may be true. But people still need to bake the pizza and fly the airplane.
This is why I don’t say markets are efficient and the free market can solve all problems. That is a fallacy.
Humans fund and throw money at things all the that fall tremendously. If markets were perfectly efficient a software company with almost no tangible product on the market where massive amounts of people and businesses are chomping at the bit to use would draw a valuation this high.
Hopefully I’m wrong because if Open AI is the next Google then my life will benefit from the ancillary effects of their success even if I don’t own the stock. For both the good and bad.
Take a side stackers.
In 5 years who would you pick to have higher valuation? Open AI or the list of companies listed in comparison
Stackers who select the correct side I will zap 1,000 sats. Lock in your pick no later than February 1st.
@remindme in 5 years