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"The Bulls**t Revolution": What If ChatGPT Is An Epic Dud

Tyler Durden's Photo
by Tyler Durden
Friday, Dec 29, 2023 - 09:37 AM

It has become apocryphal to even suggest that the biggest driving force behind stocks in 2023 (besides Powell's 11th hour capitulatory pivot of course), namely the mania behind AI/ChatGPT, which propelled the Magnificent 7 stocks by more than 100% in 2023...

... is nothing more than the latest chatbot mania, no different at the end of the day than the doomed metaverse infatuation of 2020/2021 (which was nothing more novel than Second Life from two decades earlier) which prompted even the "geniuses" behind Facebook to switch their name to what has literally become a capex sucking joke.

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