Dw this wont be a long AI post where you need to scroll past 90% of it with long winded paragraphs.
Why did this happen now? To act on what the “whistleblowers” said. One was a clear marketing stunt btw as he plugged his new company where we will work on AI safety. That aside this is all public image.
Does it matter? Yes and no. Billions are invested and they haven’t had their IPO to dump on us so they still need the hype of when the banks, PE, … need to cash out.
Yes but muh stonks are down! Yes exactly because everyone is overreacting. You probably saw this as bad news sector wide as well. Ps oil prices don’t hell.
Data centers, phones, computers, … are all still being built so memory play is still intact. Energy is still intact. Most thesises are still intact as they’re adjacent and not into openai or claude directly as they’re not on the market.
Tl;dr use the fearmongering to buy cheaper. It might last longer than one day, but it’s not going to matter for long. Especially with this administration.