Hi
Correction it was Amazon not Apple ( remembered incorrectly)
Canberra times 28 July
Pentagon cancels $10b Microsoft cloud contract and will pursue a deal with both Microsoft and Amazon on a JEDI cloud contract. .
Microsoft were awarded the deal because Trump didn't like Amazon. They have opened the deal again.
Who would have thought Amazon was an AI stock.
Re APPLE and quantum computing. Just google this
" Apple's new I-phone with chip moving into Quantum territory"
Then google "Google and quantum" many results
Next "Connect with a quantum computer on facebook"
Next "NVidia quantum"
They are all into Quantum computing or they would be left behind.
Re your question about "Why did you conclude there is an AI bubble"
Just look at the PE ratios of each of the 6 companies I have mentioned (two of them have PE ratios of 68 and higher) and then look at the growth in market capital of each of them in the last 16 months. Market capital of trillion (hundred billion) dollar companies easily doubling and more inside 16 months (not 5 years)
Someone I have followed and respect their opinion for a very long time once said.You Don't KnowHow Big of a Bubble Your in until AFTER it BURSTS
They may well continue to rise for some time. Who know?
I have lived through many bubbles. They all seemed to make sense at the time. Then the market feels like it's been fooled.
Just my opinion , DYOR.
cheers Lies
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