These competitors make Tesla’s 55% price drop since its peak seem positively heroic.
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I still think that by the autumn of 2024, the Dow Utilities will be in full-on wipeout mode.
Well, THAT was quite a night, wasn’t it?
Forget the Nifty Fifty or the Magnificent Seven. We’ve got the Wonderful One. And that is ONE company in ONE country existing in ONE sector serving ONE industry, which is an industry (AI) that doesn’t have ONE profitable enterprise in it. And even though the stock strangely FELL after earnings came out, it decided (on the same numbers) to move up by literally hundreds of billions of dollars overnight to a new lifetime high.