🌐 Global Economy 1d ago · Tyler Cowen

Callum Williams on cybersecurity prices

Marginal Revolution
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Callum Williams on cybersecurity prices
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Share prices of cyber firms have jumped around a lot in recent weeks, leading one side or the other to claim victory. But the crucial point is that, relative to the historical norm, the market is not really pricing ANYTHING big to change. There was a much bigger move in cyber stocks in both 2020-22 (up) and 2022-23 (down) but no one read “AI x-risk” into this.
Here is the full post with graph.

Hardly the final word, and I am myself more pessimistic than those numbers indicate.  But

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