AI is Crapping Out

Published by Idi Admin on October 30, 2026October 30, 2026

Spending all their cash on AI because reasons. Technology stocks down biggish.

GOOG -13%
AMZN -11%
INTC -21%
META -20% from a peak price 2 weeks ago.

Google Free Cash Flow

Market update: # Binance hack, $6bn stolen from biggest crypto exchange, while Bitcoin etc under pressure – looks like intervention by the stablecoin mafia # Google (Alphabet) down 12% in a day, followed by a double-digit drop of Amazon – the tech bubble seems to be imploding, will get hairy if the AI bubble bursts. Still, I think measures will be taken to shore it up for the time being, as their total digital control grid is not yet ready. # gold below $3,900: my personal view is it's a 'buy'. The next bout of inflation is around the corner.

— Richard Werner (@scientificecon) October 30, 2026