The only way these companies are currently generating profit is through mass layoffs backfilled by lower paid, less qualified employees. They’re also doing wicked cool things with financing and riding on the back of the only thing bulls are clinging to, the AI hype train.
It’s sustainable until it isn’t. Layoffs will continue though before you see major corrections in these tickers unless there is a shocking surprise in earnings or a black swan that no one prepared for.
👀👀👀 pic.twitter.com/GnmncRsDAP
— QE Infinity (@StealthQE4) January 26, 2024
h/t mrmrmrj