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the semiconductor companies are posting record profits and growth, but that is because of large one time capital expenditures by orgs like microsoft, meta, google, etc to build their stupid ai chatbot shit.
oh you thought google was gonna buy 10,000 GPUs every quarter for the rest of time?
it was a one time expense. And when these companies realize they just dropped billions on AI projects that barely generate any return, theyre all going to stop going bonanza.
Especially as we enter a wider recession by the way lol
