AI bubble

Nvidia’s easy ride is over, and the bulls have split three ways

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The old rule is breaking For two years Nvidia became one of the most watched tech names on a simple premise: as long as Microsoft, Google, Amazon and Meta kept buying chips, servers and equipment, the upstream supplier kept benefiting. The market watched how much these buyers pledged to spend, because more spend meant more … Read more

The global AI selloff: is the bubble finally bursting?

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Leverage met a crowded trade Leopold Aschenbrenner’s Situational Awareness fund, peaking near 45 billion dollars in assets and running about 4x leverage, was forced to sell roughly 16 billion dollars of public equities to Citadel on 30 July, with assets collapsing to about 10 billion in a self-reinforcing spiral that dragged down its own holdings. … Read more