Tootfinder

Richard Murphy has a good story here about why the coming crash will be the biggest ever, and caused by OpenAI, Anthropic, and SpaceX.
Because these 3 IPOs are about to happen, and be massive, they will immediately and right away take up a large fraction of the S&P and Nasdaq stock indexes.
That means all the fund managers who run funds tracking the S&P and Nasdaq will have to buy enough of those 3 companies to make them a large fraction of the funds. Selling everything else to buy OpenAI, Anthropic, and SpaceX. Pumping their prices further.
Now the valuations of those companies is based on them being able to do all the jobs really. Which they can't. Because there isn't enough water or power, even if they do have the compute.
So they have to crash back down to something that isn't this fund-inflated price, isn't this overvalued price where you assume there's infinite water and power, but is a realistic price much much lower.
And that tanks everything so much they rich will be begging for bailouts because they continue to use to much margin.
#openAI #anthropic #spaceX #stockMarkets