[epsteingpt]

Why is anyone blaming the company management for 'selling high'.

AI real expectations are about as frothy as they'll ever be.

The latest models have legitimately taken senior coders from execution to agentic babysitting mode - something that was only a dream until last time.

There's a rumor of a $500M MONTHLY Anthropic Bill - that is the equivalent total compensation of 10-15 THOUSAND senior ICs (L5, L6). Imagine what kind of company can spend that amount and pay their staff and somehow 'see value'

The indexing argument is overblown. How many companies of the S&P could the average commenter here name? My guess is - charitably - 30. Yes, weighting, etc. but every indexer here is buying in hundreds of companies they have no idea about the business of, and all of a sudden some percentage goes to a tech company they know about and they want to comment.

Let these people run their victory lap!