Economist who called the 2008 crash says the AI bubble has "less than a year to go"

Impact · against what's priced in

The article presents a bearish thesis on the AI sector, arguing that revenue from sustainable users is only one-fifth of current spending and that GPU depreciation cycles create unsustainable CAPEX requirements. While the lack of systemic leverage suggests a limited contagion risk, the prospect of a 'patchwork of bankruptcies' and massive losses poses a downside risk to AI infrastructure spenders.

MSFT−0.50: No priced-in read yet
In context: Microsoft is cited as a primary beneficiary of the current AI spending spree that the author argues is a bubble based on a massive disconnect between cost levels and sustainable revenue.
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Economist who called the 2008 crash says the AI bubble has "less than a year to go"

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Economist who called the 2008 crash says the AI bubble has "less than a year to go"

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Economist who called the 2008 crash says the AI bubble has "less than a year to go"

What matters in this story

$4,000 in These 4 Non-Nvidia Chip Stocks Could Be Worth This Much by 2030

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Economist who called the 2008 crash says the AI bubble has "less than a year to go"

What matters in this story

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$4,000 in These 4 Non-Nvidia Chip Stocks Could Be Worth This Much by 2030

Economist who called the 2008 crash says the AI bubble has "less than a year to go"

What matters in this story

Next reads from the same story arc

$4,000 in These 4 Non-Nvidia Chip Stocks Could Be Worth This Much by 2030

How each ticker is affected

Connected tickers

Track these names every morning.

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