While some talk about the race to a $trillion market cap for Apple (AAPL) or Amazon (AMZN) I think the race is a ‘so what?’ These media-induced events to me lack substance. It’s like Dow at 10,000 or NASDAQ at 2,000… there is no intrinsic underlying meaning to the actual number other than a perceived milestone.
A real milestone?
Cash flow and earnings growth.
Overall I think tech has long way to go as it moves analog to digital. That’s services across many sectors still untouched and unimproved by digital margins.
AI = artificial interference? Another hyped area is artificial intelligence. Images of the Terminator movie play out on some articles. Others talk about humans becoming robots and never dying.
Bottom line: science fiction makes for fun talk around a BBQ.
AI is more like a byproduct of natural intelligence…maybe a better acronym would be NIB…natural intelligence byproduct.
But the media prefers to want to perpetuate a Terminator type mentality. Sells more ads. And, when the year 2001 came around didn’t you kind of think that it’d be more like 2001: A Space Odyssey? Or the big Y2K scare (year 2000) … humans freaked out. Computers didn’t know the difference between 12/31/00 and 01/01/01? According to OnThisDay the biggest thing that happened was Kate Hudson got married. No talk of Y2K at all…hindsight is 20/40.