Nothing importantly bearish happened in that month other than bullish deals
What happened that made a bunch of people more bearish is that AI stocks went up a good deal, especially some of the lesser known ones.
I’m unsure what exact time period you’re talking about, but here are some of the more interesting changes between Aug 29 and Oct 15:
IREN +157%
CLSK +145%
APLD +136%
INOD +118%
NBIS +75%
MU +61%
AMD +47%
If I thought AI was mostly hype, those kinds of near-panic buying would have convinced me to change my mind from “I don’t know” to “some of those are almost certainly in a bubble”. (Given my actual beliefs, I’m still quite bullish on MU, and weakly bullish on half of the others).
What happened that made a bunch of people more bearish is that AI stocks went up a good deal, especially some of the lesser known ones.
I’m unsure what exact time period you’re talking about, but here are some of the more interesting changes between Aug 29 and Oct 15:
IREN +157%
CLSK +145%
APLD +136%
INOD +118%
NBIS +75%
MU +61%
AMD +47%
If I thought AI was mostly hype, those kinds of near-panic buying would have convinced me to change my mind from “I don’t know” to “some of those are almost certainly in a bubble”. (Given my actual beliefs, I’m still quite bullish on MU, and weakly bullish on half of the others).
I wouldn’t obviously even put AMD on the list given that they’re up on rather big single stock news, but yes, good note, there is that.