Trillions are being ‘wasted' on the AI boom, Arthur Hayes says. He's betting on what comes next

Impact · against what's priced in

The article provides a bearish macro thesis on AI overcapacity that challenges the growth trajectories the market is currently skeptical of, but it does not provide new data to move the needle. For NVDA, Hayes' warnings about non-profitable end users reinforce why the market is already refusing to pay for the $1 trillion Blackwell/Rubin revenue projections.

NVDA−0.10: Challenges what's priced in
The price assumes

Trillions are being ‘wasted' on the AI boom, Arthur Hayes says. He's betting on what comes next

What matters in this story

Nvidia Hits a New All-Time High. Is the AI Stock a Buy?

Trillions are being ‘wasted' on the AI boom, Arthur Hayes says. He's betting on what comes next

What matters in this story

Nvidia Hits a New All-Time High. Is the AI Stock a Buy?

How each ticker is affected

Track these names every morning.

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Marvell Technology, Inc. (MRVL) Analyst/Investor Day Transcript

Trillions are being ‘wasted' on the AI boom, Arthur Hayes says. He's betting on what comes next

What matters in this story

Next reads from the same story arc

Nvidia Hits a New All-Time High. Is the AI Stock a Buy?

Trillions are being ‘wasted' on the AI boom, Arthur Hayes says. He's betting on what comes next

What matters in this story

Next reads from the same story arc

Nvidia Hits a New All-Time High. Is the AI Stock a Buy?

How each ticker is affected

Track these names every morning.

Forget SMH: BlackRock's Chip Fund Beat It by 22.43 Points Over the Past Year

Chart: A look at the S&P 500's remarkable and defiant trip a new record

Nebius stock jumps as technical breakout puts $250 level in focus

Marvell Technology, Inc. (MRVL) Analyst/Investor Day Transcript