One argument given is that low cost of AI will trigger higher usage and create volume growth- like lower telecoms cost has done for spread of telephony and lower electronics cost ( say for TVs) has deepened penetration beyond imagination.
Someone remind me of successful telecom companies or TV companies( even in India only 1 of 8 original mobile companies survived and obviously no tv company) in the world.
Separately, growth due to usage did not go to the incumbent companies but to companies like netflix ( who benefited from both low WiFi and high tv penetration) and others who started new businesses with new business models.
@unseenvalue Sir, I recently read Poor Charlieโs Almanack, and it made me realize how much more I need to learn about investing. It also showed me how important psychology is in investing.
@jakebrowatzke Hope it turns out true. Atleast the Large red Volume candles are similar for now. Seems still some optimism is left for this Tiny bird and market behave historicaly vice versa.