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IBM just suffered its worst stock crash since 1968, wiping out nearly $70 billion in a single day after a shocking unscheduled letter from CEO Arvind Krishna. But this isn't just about one company, it's a massive warning sign that enterprise budgets are being cannibalized to fund the AI hardware gold rush. Today, we're diving into the reality of the AI economy, who is actually making money, and who is being left holding the bag. Plus, we look at Jim Cramer's spectacularly wrong timing, Anthropic's race toward a $1 trillion IPO, and the growing frustration over 'AI washing.' Let's jump into it.
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Produced by: Cory Ray, Philip DeFranco
Edited by: James Girardier, Maxwell Enright, Julie Goldberg, Christian Meeks, Matthew Henry
Art Department: William Crespo
Writing/Research: Chris Tolve, Philip DeFranco
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#IBM #AIBubble #JimCramer #Anthropic