alt Hacker NewsFeb 2021 was peak covid tech bubble stemming from ZIRP. There are a number of companies that hit highs during that period that they'll likely never see again (or for quite some time) despite being profitable.
Feb 2021 was peak covid tech bubble stemming from ZIRP. There are a number of companies that hit highs during that period that they'll likely never see again (or for quite some time) despite being profitable.
There are, but there are also a number of companies (including not-particularly-AI ones like Netflix and Oracle) that are above their ZIRP peak. I think it's hard to definitively say that this story is inconsistent with one explanation or the other.