AI stocks sink as Gary Marcus mocks Musk's 'money won't matter' prophecy
GaryMarcus · x · 2026-11-06
AI-related stocks took a beating: Nvidia -8.5%, Tesla -11.5%, AMD -15%, Micron -14%, and Nasdaq down nearly 5%, as investors question whether Big Tech's hundreds of billions in AI infrastructure spending will pay off. Gary Marcus highlights the irony: Elon Musk recently said people shouldn't bother saving for retirement in 10-20 years because money won't matter — yet Musk's net worth has dropped $110 billion since the election, and tech leaders preaching 'post-scarcity abundance' are panicking over their tanking stocks.
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