cross-posted from: https://lemmy.world/post/54031373
NEW YORK (AP) — Another wipeout for stocks tied to the buildout of AI data centers is overwhelming Wall Street on Thursday and more than erasing all its gains from the day before, which was its best in three months.
The S&P 500 fell 3.5% after opening with a loss that accelerated through the morning. It’s on track for its worst drop since President Donald Trump shook markets worldwide in April 2025 after announcing his “Liberation Day” tariffs.
Better yet, there is a lot of purchased hardware and resource that is sitting idle, counting down the debt bomb they all borrowed on. And it will be due soon. Crash is coming, it’s only a matter of time
Ed Zitron must be salivating right now