As I predicted over a year ago watch for AI bust third quarter due to realization of exposed security risk and data center cost.
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The AI bubble bust is around but not because CEOs are selling shares. AI as an industry hasn’t made a dime of profit in the last 4 years of hullabaloo and hype. All commercially available LLMs hallucinate at least around 70% ( Google that) . The infrastructure and resource cost, including training , is not something that businesses have seen absorbed in profit in their ROI. Wall St. is not well known for its patience. The 5 year mark is around the corner and the sword of Damocles is getting lower. Déjà vu of dotcom bust. It will not crash, but will very likely go down and plateau out following the Gartner hype curve.
@a9 how slow are you? an executive selling some of their shares doesn't mean they're betting against the company. large portions of their earnings are tied up in shares. you think jensen or andy jassy or tim cook never sell shares?
@a8 CFO, Oliver, and TS are all selling their shares. G2 sold off months ago. Why would they sell if Cisco is so great? lmfao
Can't wait. Will short the sh-t out of CSCO.