I suspect the chain of events goes. Trump is somewhere between one & six months from crashing the economy. I therefor need to cash out everything. Hey you IT Company give me money. IT Company “ yes sir”. IT Company shuts down every investment and turns cash into buyback. AI collateral damage.
I think the shareholder class has just figured out that the AI investment isn’t going to make a return, so now it’s an enemy for their buy backs. Presumably at first they were with the business idiot types seeing dollar signs…
It had to have become clear to anyone with an honest accountant that AI was a ponzi scheme about a year or so ago. So we have been in the pump & dump stage of the bubble since then , as the entire US economy is about to implode cashing out now the dump is happening.
We’re about to find out how good an idea it is for 7 companies to be most of an economy…
Seven companies in the same sector who march in lockstep.
Seemsfine