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by roryirvine 4 days ago
IBM stood on the sidelines of the dot com boom; their share price still halved in the resulting bust.

HSBC didn't engage in the unwise practices that led to the great financial crisis; their share price still dropped by 75% in 2008.

If the AI bubble does burst chaotically, then I'd expect all tech stocks to decline to at least some extent and for even the strongest survivors to remain in the doldrums for years (in the cases listed above, the share price of both IBM and HSBC remained flat for almost a decade).

1 comments

IBM is still around hanging on the lights are on, but they are a tech backwater in comparison to their past and I don’t think they’re gonna be coming back. They are just going through the long fade out. Similar to Xerox and Kodak.