The AI boom is not a bubble(ft.com)
ft.com
The AI boom is not a bubble
https://www.ft.com/content/f2294add-f53a-4112-b284-29843a023b6f
4 comments
Oh, well since a pay walled site said it...
when you say "boom" you mean the explosion of unemployment, right? ;)
And the author conveniently ignores the self-inflationary feedback loop of nvidia striking deals with companies to buy chips with minimum-usage guarantees.
I want to give the author credit for some reasonable statements in this piece, but I can't support his through-line. I agree some companies can/should make wild swings for a percent chance at a huge upside. But when the hype is coupled to the investments, and then investments are coupled to the hype - it's a bubble
Can anyone point me to some good meta-analysis of financial opinion pieces like this? I suspect the majority of them are just trying to nudge the markets based on privately held positions, but has this been studied?