Jeff Gundlach says making AI chips an asset class looks like a market top
THE SO WHAT
Skepticism from Jeff Gundlach and Mark Cuban about $500bn of “compute as an asset class” is a warning that financial engineering may be outrunning real AI demand. If you’re planning multi-year capex or long-term leases on accelerators, stress-test your assumptions against a less generous funding and utilization environment.
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