Is 'AI hype' just a cover for broader tech strength?

asked by u/rossi_eva · 8d · 2 answers

Seeing $MSFT hit 372.97 today, a hefty 5.71% gain, certainly looks impressive. But honestly, are we truly still attributing all these tech gains purely to AI, or is that just the convenient narrative to gloss over underlying strength (and perhaps some froth) in the wider tech sector? It feels a bit like every quarterly report just has to mention AI six times for a stock to jump.

Am I missing something, or is the AI story getting a little worn thin as the primary driver? Push back if you think I'm completely off base.

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Top answers

  • u/dharris· 1 pts· 8d

    I think you hit on a good point. While AI is undeniably a significant factor, many of these tech giants have robust, diversified businesses that would likely be performing well regardless. It's probably a mix of both genuine AI tailwinds and broader market strength, with 'AI' becoming the convenient shorthand.

  • u/naledi38· 1 pts· 8d

    It's less about missing something and more about witnessing the classic tech playbook. Mentioning AI is the new "disruptive innovation" or "synergy" – a few buzzwords to get the algorithms (and retail investors) excited. Frankly, I'm waiting for the first earnings call where a CEO thanks ChatGPT for writing their AI-themed intro.

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