N gives money to O. N announced new chip. O buy N new chip with money from N. N declare new sales growth, higher profit.. Repeat quarterly for higher valuation. [Happy]
AI will not kill software companies. But moats are diminishing. Some products don't command premium pricing. More competitors will appear since everyone can use AI to create/improve similar software.
Think twice before diving into the U.S. dividend stocks. For Singapore-based investors, the 30% U.S. withholding tax can significantly erode your actual returns.