RE: https://mamot.fr/@pluralistic/117501317286872418
This is fine.
This analyst's report from Apollo about AI uses the term "S&P 493" to refer to the "S&P 500 minus the Mag 7" - because if you take out the AI companies, the S&P 500 is tanking. https://www.apollo.com/wealth/insights-news/insights/daily-spark/no-signs-of-ai-payoff-outside-the-tech-sector
Money people are very clever and extremely rational, which is why the only companies whose share values aren't falling through the floor are the ones who have made enormous losses for the entire time that they've been doing what they're doing. This is cool and normal and if you think otherwise you're just not smart enough to understand the importance of Number Go Up.