Yet another Hacker News

16 points nreece 1 hour ago 8 comments

jeanpah 1 hour ago | parent

Why this things always happen a friday? Like it's planned or something.

vlucas 1 hour ago | parent

It happened yesterday, on a Thursday.

spwa4 8 minutes ago | parent

Nothing real has happened yet. Let's all just step back and give Trump a chance to wake up. I mean, the guy is over 80 years old, can't expect much action before 2pm at the earliest.

Later this afternoon he'll probably ride a nuke down ... gIRANimooooooo!

jswelker 59 minutes ago | parent

If this is the bubble bursting, it's pretty anticlimactic.

spwa4 10 minutes ago | parent

Is it?

INTC: -30.5% RDDT: -29–31% NBIS: -14.2% CRWV: -13.6% GOOGL: -13.3% GOOG: -13.0% AMD: -11.4% AMZN: -11.1% MU: -9.3% AVGO: -7.1%

Only AAPL "and META" are unscathed, and only if for META you don't look too far back.

gomox 57 minutes ago | parent

Funny that this ever so tiny, ticker specific correction is deemed "the bubble bursting".

_aavaa_ 55 minutes ago | parent

> Alphabet reported property-and-equipment purchases of about $51.4B, while analysts expected approximately $55.1B. Microsoft reported capex and finance leases of about $45.2B, while analysts were expecting around $50.7B. These were significant misses.

> […]

> Caterpillar inventories increased to $22.2 billion at the end of September […] The 22% increase in inventory signals future demand weakness or overproduction, and the reason is lower AI capex, as reported by Alphabet and Microsoft.

Maybe I’m not getting it. But it’s alphabet and Microsoft spending less than someone external said they should spend, not what they themselves said they would spend. How is that a miss?

goodmythical 37 minutes ago | parent

Lots of investors "buy the news" meaning that they go based on under/over speculator sentiment.

If it was believed that they be purchasing N, then that belief was priced in. If they only bought N-1, the price needs to be adjusted to reflect the new information.

Here, the argument is "the more hardware we have, the more compute we can sell, the more compute we sell, the more profit we'll have" and so investors were expecting a higher level of profit and now are not.

All of this is why stock value and company value often share little with each other. The people working at the company and the people investing in the company have different views of what one small piece of the company is worth. You'll see PE ratios vary by sector, over time, by strength of underlying economy, near lows/highs etc. Any company's value is only set by what people are willing to pay for it at any given time.