The Rokslide Stock Traders Thread

[noisy]

AI is here to stay, I firmly believe. We are finding more and more uses in manufacturing daily and that is with our limited knowledge of it. I can only imagine what benefit we will find once we get a decent foot hold on what all we can apply it to. Jobs WILL be replaced and ARE currently being rebalanced due to their roles being minimized. There is $$ to be saved for a company who can harness and apply it properly.

So if AI leads to job losses, high unemployment and recession, where does that leave the tech companies?

 

[bozeman]

Tech companies who have no vision and or strategy to harness the power of AI will be gone, as they should, companies who have a vision and strategy will thrive. Not a hard concept to grasp. There will be new AOL's and new Meta's..........

 

[signing off]

KULR reports tomorrow. Something positive would be awesome. Found out about the announcement this evening and would have considered another purchase but now just wait and see.

 

[aftriathlete]

KULR reports tomorrow. Something positive would be awesome. Found out about the announcement this evening and would have considered another purchase but now just wait and see.

Yeah I’ve been riding that one on the way down too, in addition to MSTY. I’m not killing it lately other than the silver lining that I have a lot in cash ready to take advantage of something.

 

[Ucsdryder]

This thread has gotten a little quiet lately.

I haven’t even looked at my portfolio in 2 weeks. Part of me wants to throw money in and part of me wants to put it under my mattress.

 

[LFC911]

This thread has gotten a little quiet lately.

I haven’t even looked at my portfolio in 2 weeks. Part of me wants to throw money in and part of me wants to put it under my mattress.

i sold all of my Google stock yesterday and holding about 30% in cash and bonds. Thinking about selling Apple today.

 

[MountainTracker]

Intuit/turbo tax will be using open AI paying over $100 million a year. I figured the tax people would lose jobs to AI.

Intuit to pay OpenAI over $100 million a year for model access, ChatGPT integrates with TurboTax

Intuit has struck a $100 million-plus annual deal with OpenAI to bring AI into its financial products like TurboTax and QuickBooks.

www.cnbc.com

Rumors Tesla will be starting up robo taxi in Japan. Waymo is there with 24 vehicles.


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[Beendare]

i sold all of my Google stock yesterday and holding about 30% in cash and bonds. Thinking about selling Apple today.

Goog is my #1 pick for the long term. It's at a Decent valuation that could really pop if they kill it in a couple business segments. I get it, it's up 39% in 3 months...but thats how these stocks go....flat for awhile then they pop. They have a 32% profit margin....a billion captive clients...and earnings is projected to be up 19%. I personally own a bunch of it.

Some of the stuff I'm watching- CBRL, META, MGM- all still going through tax loss harvesting so I'm biding my time on buys....probably another couple weeks before any decent size buys.

I'm looking hard at ANET and will be buying more QTEC but both are going through the readjust of the overpriced AI trade- hard to pick a buy in price.

 

[LFC911]

Goog is my #1 pick for the long term. It's at a Decent valuation that could really pop if they kill it in a couple business segments. I get it, it's up 39% in 3 months...but thats how these stocks go....flat for awhile then they pop. They have a 32% profit margin....a billion captive clients...and earnings is projected to be up 19%. I personally own a bunch of it.

Some of the stuff I'm watching- CBRL, META, MGM- all still going through tax loss harvesting so I'm biding my time on buys....probably another couple weeks before any decent size buys.

We just fired a CFP and took my wife's portfolio back over from him and put all the funds back in Fidelity. He had like 50-60 individual stocks in her traditional and Roth IRA and only a couple of mutual funds. I'm harvesting some gains and stopping some losses on some of the dogs. The goal is to put most of it back into low cost mutual funds and setting aside some cash if/when the bubble pops.

 

[Idaboy]

Goog is my #1 pick for the long term. It's at a Decent valuation that could really pop if they kill it in a couple business segments. I get it, it's up 39% in 3 months...but thats how these stocks go....flat for awhile then they pop. They have a 32% profit margin....a billion captive clients...and earnings is projected to be up 19%. I personally own a bunch of it.

Some of the stuff I'm watching- CBRL, META, MGM- all still going through tax loss harvesting so I'm biding my time on buys....probably another couple weeks before any decent size buys.

I'm looking hard at ANET and will be buying more QTEC but both are going through the readjust of the overpriced AI trade- hard to pick a buy in price.

And Goog just got the Buffet Put, or at least that purchase provides some degree of price support, would be rare for Brk to buy anything short term

 

[noisy]

Tech companies who have no vision and or strategy to harness the power of AI will be gone, as they should, companies who have a vision and strategy will thrive. Not a hard concept to grasp. There will be new AOL's and new Meta's..........

You didn't really address the underlying question of AI job losses and their effect on tech companies, or manufacturing or any other business for that matter. Businesses need customers who can afford to buy/use the product. An economy that experiences massive job losses to AI will impinge on that. So for all the AI efficiencies you may achieve in manufacturing, it could end up being a net loss if the overall effect of AI is largescale economic damage.

 

[Extrapale]

Bought some MARA and CLSK today. Seemed like a good entry point.

 

[Poser]

You didn't really address the underlying question of AI job losses and their effect on tech companies, or manufacturing or any other business for that matter. Businesses need customers who can afford to buy/use the product. An economy that experiences massive job losses to AI will impinge on that. So for all the AI efficiencies you may achieve in manufacturing, it could end up being a net loss if the overall effect of AI is largescale economic damage.

Another issue is that by eliminating entry level jobs and replacing them with AI, you're going to also eliminate the middle management jobs that manage the entry level positions. So, with no industry experience, who is going to backfill the senior roles once they start retiring? 10 years down the road, is it going to be straight from college to VP jobs?

 

[Hnthrdr]

Seems like lots and lots of issues with how it will work without 1-shotting society and causing way more problems than it solves….

 

[Poser]

Seems like lots and lots of issues with how it will work without 1-shotting society and causing way more problems than it solves….

You think the elk woods are crowded now, just wait until we're all living off UBI.

 

[MountainTracker]

You didn't really address the underlying question of AI job losses and their effect on tech companies, or manufacturing or any other business for that matter. Businesses need customers who can afford to buy/use the product. An economy that experiences massive job losses to AI will impinge on that. So for all the AI efficiencies you may achieve in manufacturing, it could end up being a net loss if the overall effect of AI is largescale economic damage.

IMO, as jobs get eliminated by AI new ones will emerge which will require using AI in the workspace. Trade positions will increase but will use AI. Example, a home builder may not need to have as many architectural designers bc AI can complete that task more efficiently bc it is more efficient with building codes.

Jobs that are centered around everyday tasks will be eliminated. Companies that don’t embrace AI will suffer. Think of when large companies had big mail rooms to move correspondence all round, slow less efficient. well now there is email, all that manpower, lack of efficiency and space isn’t needed. People lost jobs, but new jobs were created to handle the new workload from the efficiency gained.

For me the concern is the immediate impact it will have and how long it may take to replace those jobs. Especially for certain age groups.


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[Hnthrdr]

You think the elk woods are crowded now, just wait until we're all living off UBI.

Yep, looking at 20 year wait for your OIL bull tag in what used to be OTC