Every two days there's stock market news here, and I still don't understand why should we care about stock volatility.

Investment in AI is hot, too hot.

I've come to the realization recently that the moat terminology doesn't work for tech. A moat is the same in all senses but in tech you can design reverse moats for existing players. I.e. Data retention for past orders or operating at a loss something you'll be able to do cheaper later make new entrants instantly better.

This is why all big tech companies eventually move to regulatory capture as their moat.