And I say, hey-ey-ey, hey-ey-ey, I said, hey, what’s going on?

Today I was on the phone with someone who suggested maybe the AI bubble was bursting and that was what was going on with AI stocks. Well, maybe! I don’t know! I’ve seen a lot of attempts to explain why the market was up yesterday and is down today and this is the best one of the bunch.

And I say, hey-ey-ey, hey-ey-ey, I said, hey, what’s going on?

TL;DR

  • A source suggested that the AI bubble might be bursting, potentially explaining recent AI stock market volatility.
  • The author considers this explanation the best among various attempts to understand the market's performance.
  • The article briefly notes the upcoming Anthropic IPO.