OpenAI and Anthropic IPOs, volatility in markets after blue wave - Yahoo Finance
By Google News AI ·
Host and "The Buy Side" author Turney Duff and his panel of experts weigh in on investment strategy post-midterms, the IPOs of OpenAI and Anthropic, and the impact of the blue wave in Congress on the AI ecosystem. Today's panel includes Hennion & Walsh CIO Kevin Mahn, Neostellar Principal Willy Lee, Grenadilla Advisory Founder and CEO Anna Rathbun, and Futurum Chief Market Strategist Shay Boloor.
Yesterday and today's action is what it was like working and trading the financial collapse, except that lasted for 2 years. Um, we, we, we lost the midterm rally in 6 minutes, and, you know, trillions of dollars have, have been vanished. Like, is this the beginning of something or is it, you know, on Tuesday, everything will be good again?
I, I, well, I don't know if you guys got the notification, but AI got officially canceled. It's not gonna happen ever again. Putting the genie back in the bottle. Clearly that's what the market's telling us right now, but I mean, it's, it's true.I was gonna say it's just, it's tricky times. I think right now, um, nothing about the AI buildout has changed. The only thing has adjusted, the range of outcomes has widened and because of that, it's causing a lot of people just to get a bit more defensive. Uh, but I'm part of the camp where I just think this is kind of a narrative follows price action a bit, and I'm a net buyer today. I was a net buyer yesterday, unfortunately as well. Uh, I'm crying with my ads right now, but I am still confident this buildout's gonna happen.It's gonna happen here in Malaysia. Google is a perfect example of that this week. Like, first morning after the midterms, what did Google announce? We're going to invest $15 billion in data centers in Malaysia. So this, this, this is gonna happen regardless. Demand's not…
Originally published by Google News AI