Robots are going to put people out of jobs, they say. They’ll be creating content, they say.
Here’s a tweet sent this morning by @ASX, the official account of the Australian Stock Exchange:
You might argue about whether Fortescue, Andrew Forrest’s giant mining company, is good value as a stock at the moment. But at 100% down it’s a bargain in anyone’s language.
The AI revolution is definitely coming, but while we’re waiting, be wary of buying these kind of dips.
(Fortescue is currently trading at $5.32, down a few cents for the day. Also, the ASX has corrected that tweet.)