Kamala surges, Trump at NABJ, recession fears, Middle East escalation, Ackman postpones IPO

2519.752 - 2546.256 Chamath Palihapitiya

I mean, sadly, this is another case of sell the news. These things rallied phantomly in the after hours. And if you look at them, they've all just given back every dollar of gains. So I think that people know that that we're sort of at the tail end of the hype cycle in AI. And every chance, every time these things spike, people take an opportunity to just massively sell.