NASDAQ Plunges As AI Stocks Sink, GTA 6, OpenAI’s Revenue Inflection | Diet TBPN
John Coogan and Jordi Hays of TBPN unpack a 5% NASDAQ plunge after the midterms, as investors retreat from AI chip and data center stocks, plus GTA 6, OpenAI's revenue comeback and a data center loan sale.
The gist
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The hosts say investors are betting on a slower data center buildout after a blue wave, hitting chipmakers and suppliers while most big tech stocks fell only about 2%.
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Coogan argues AI spending outside coding stays small, since most roles get $200 to $2,000 a month while engineers can justify $100,000 token budgets.
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Prediction markets on an Anthropic IPO before December 1st dropped from 88% to 61%, and the hosts debate whether it can launch amid the selloff.
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Take-Two CEO Strauss Zelnick answered fears that GTA is its only hit by listing 15 franchises that each sold at least 5 million units.
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Coogan uses OpenAI's Dot to merge his personal and TBPN calendars into a text digest, and wishes its iOS widget could show that information.
John Coogan uses it
"Right now I have the Dots set up to look at all the calendars across personal and TBPN, synthesize them into something that's actually a digest, because oftentimes our calendars are like six back-to-back 15-minute meetings... And so it's able to do that in text and text me, bu..."
▶ Play at 26:573 creators recommend it, including Riley Brown and Ethan Mollick.
See all on the Dot pageWhat they recommend · 1 pick
"Right now I have the Dots set up to look at all the calendars across personal and TBPN, synthesize them into something that's actually a digest, because oftentimes our calendars..."
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