Alright, let's get this straight. The Nasdaq's up again, fueled by the AI hype train. Amazon's throwing $38 billion at OpenAI, Nvidia's practically printing money, and everyone's acting like this is totally normal. Normal? Give me a break.
So, Amazon's hooking up with OpenAI. Big deal. We're supposed to be impressed that they're gonna use "hundreds of thousands" of Nvidia GPUs? It sounds more like they're trying to corner the market and squeeze out any competition. It's the same old story: the rich get richer, and the rest of us get stuck paying for it.
And Nvidia? Don't even get me started. They're selling shovels in the AI gold rush, and laughing all the way to the bank. Microsoft's bragging about getting export licenses to ship Nvidia chips to the UAE. Great, so now even more countries can get in on the AI arms race. What could possibly go wrong?
Iren is raking in billions by providing data centers to Microsoft. Palantir is somehow still relevant. These companies are "leading the way" and "capturing almost all the value in AI," according to some D.A. Davidson talking head. Translation: a handful of companies are consolidating power and wealth while pretending to revolutionize the world.
The market is "rewarding the key AI players," we're told. But what about everyone else?
Here's the kicker: more than 400 stocks in the S&P 500 were in the red on Monday. The market's being propped up by a few AI darlings while everything else is tanking. It's like putting lipstick on a pig. Or, more accurately, strapping a rocket engine to a shopping cart and pretending it's a spaceship. According to Stock Market News for Monday, Nov. 3, 2025: Dow Falls, S&P 500, Nasdaq Rise; Kenvue, IREN, Amazon, Nvidia, Berkshire, Palantir, More Movers, several companies were movers on Monday.
And then there's the government shutdown, dragging on longer than anyone expected. Remember when that was the biggest problem we had? Feels like ancient history now.
Oh, and I saw this guy on the subway yesterday wearing Google Glass. I thought that thing was dead. Guess not. Is that the future we really want? Walking around like oblivious cyborgs, glued to our screens? Offcourse, I'm probably just being a grumpy old man.
Wall Street's hoping for a "seasonality boost" in November, because apparently history tells us the S&P 500 usually does well this month. Seriously? Relying on historical averages to predict the future is like reading tea leaves. It's financial astrology.
And of course, over 80% of S&P 500 companies have "beaten expectations" for the third quarter. But let's be real: those expectations are always set low to begin with. It's a rigged game.
So, is this an AI bubble or a brave new world? Honestly, it feels more like a cynical ploy to transfer wealth from the masses to the elite. The suits are patting themselves on the back, while the rest of us are left wondering when this whole house of cards is going to collapse.
