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AI shares shed $1.5 trillion

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Investors retreated from AI-linked technology shares as a two-day selloff erased more than $1.5 trillion in market value, spurring hedging and renewed bond demand.

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Lenders and investors are getting choosier about where to place their bets and are demanding tougher terms, signaling a new phase in the AI build-out."
#economy #tech #ai #ArtificialIntelligence #markets @wsj.com

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October 31, 2026 at 11:06 AM
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From the WSJ, and further to earlier posts:
"For years, the companies behind America’s artificial-intelligence boom have raised hundreds of billions of dollars with ease. Wall Street eagerly ponied up capital and asked few questions.
Now, the balance of power is shifting....

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October 31, 2026 at 11:06 AM

Reposted by Fabián Muniesa

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AI is "inevitable" - which is to say that well-paid consultants came up with a lot of wild stories about its inevitability that execs bought.

Now they need to get you to use the "inevitable" thing (by any means necessary) because its evitability is becoming more clear by the day.
October 31, 2026 at 12:25 PM

Reposted by Tyler Cowen

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Also from the Journal, some weekly price movements:

#economy #markets #tech #ai #ArtificialIntelligence @wsj.com
October 31, 2026 at 11:11 AM

Reposted by Patrick Dunleavy

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If you thought this past week was packed with market-moving news, wait until you see what lies ahead.
Tech earnings, divergence, and central bank developments dominated over the last five days, even as resilient US growth data provided an underlying buffer.
Looking forward, the upcoming...

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The Weekly Look at the Global Economy and Markets
If you thought this week was full of economic news and interesting market moves, which it was, just wait for the coming week!
mohamedelerian.substack.com
October 31, 2026 at 8:18 PM
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China’s AI Bubble Burst: Will This be Another Export to the United States? cepr.net/publications...
China’s AI Bubble Burst: Will This be Another Export to the United States?
China's AI stock plunge offers a warning to US investors about tech bubbles, overspending, and the risks of inflated valuations.
cepr.net
October 31, 2026 at 3:53 PM

Reposted by Patrick Dunleavy

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Narrative following the price action?

Lots of downbeat AI coverage in the media today, including this from the FT and WSJ.

Predictable given the tape ... but will this sudden pivot to pessimism overshoot?

#economy #marklets #ai #artificialintelligence @financialtimes.com @wsj.com
October 31, 2026 at 4:10 PM

Reposted by Fabián Muniesa

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Aquí una buena explicación de por qué hace unas semanas anunciaban el fin del mundo: buscaban inversores desesperadamente para evitar el estallido de una posible burbuja.

elpais.com/economia/202...
La multimillonaria quema de caja por la inversión en IA castiga a los gigantes de internet
Amazon, Alphabet y Meta decepcionan con sus cuentas pese al crecimiento en un trimestre en el que vuelven a generar flujo de caja libre negativo
elpais.com
November 1, 2026 at 7:14 AM

Reposted by Nuria Oliver

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In this marvellous essay Priya Satia applies the lessons of EP Thompson to AI: new technology can be harnessed for the greater good but it takes determined community mobilisation against rapacious investors & fir a moral economy to rein it in.

foreignpolicy.com/2026/10/30/a...
AI Isn’t a Revolution—Yet
Just as British people did with steam power, the American public can shape how this technology spreads.
foreignpolicy.com
November 1, 2026 at 7:50 AM

Reposted by Michiel Baas

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Reposted by Xavier Molénat

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En peu de temps, les outils d'IA se sont imposés dans nos vies. Mais derrière cette adoption massive, quelques géants verrouillent cette industrie et risquent de s'accaparer les gains de productivité de l'économie.
Le grand hold-up : comment les géants de l’IA rançonnent l’économie
www.altereco.media
October 31, 2026 at 1:38 PM