this post was submitted on 17 Oct 2024
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Economics

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The U.S. Economy - brought to you by Nvidia (sh.itjust.works)
submitted 5 days ago by 31337@sh.itjust.works to c/economics@lemmy.world
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[–] hark@lemmy.world 8 points 4 days ago

Sure 11% is excessive, but I can’t see it drop like a rock any time soon.

How about when the AI pyrite rush stops? That'll mean a hell of a lot of shovels no longer being sold. That combined with wall street expectations of never-ending growth will mean a dramatic drop when revenue is a fraction of what it was just a quarter or so ago. You've already pointed out that AI isn't turning out to be a great source of profit, so it's clearly not sustainable. All other avenues of business you mention pale in comparison to the business that AI hype brought in.