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Boosted by glyph ("Glyph"):
mhoye@cosocial.ca wrote:

Oh.

There isn't an "AI Boom".

We're just all getting robbed.

There's just a couple of companies exchanging ownership of warehouses full of unopened GPUs and shuffling the same hundred billion dollars around between them while they slowly move debt off their balance sheets, and the rest of us are all getting robbed.

It's great that we decided to reorient our entire economies around this scam, I'm sure this will have no adverse or unexpected consequences for the global economy.

A headline reading "Samsung profit in 2026 will exceed its cumulative profit generated for the last 40 years."
Against this backdrop, Kim Yong-kwan, the President and Head of Business Strategy at Samsung Electronics’ Device Solutions (DS) division, reportedly declared at a town hall meeting on July 03 that the division would meet the market's expectations vis-à-vis its operating profit for this year. Do note that analysts currently expect Samsung to report an annual operating profit of around 300 trillion won or ~$200 billion. Critically, the executive then went on to crow that Samsung's profit in 2026 would surpass the cumulative profit that it earned over the 40 years or so since the company entered the semiconductor business! Do note that Samsung is currently negotiating with commodity DRAM customers with an express goal of hiking its prices by up to 20 percent quarter-over-quarter in Q3.