Overview
- Tech and AI shares stumbled this week in what several strategists called a short-lived "mini panic," setting up a tense few days for the trade.
- Nvidia reports fiscal third-quarter results on Wednesday, a release many analysts see as the key near-term test of AI chip demand and supply dynamics.
- DWS chief Stefan Hoops cautioned there is "no playbook" for a retail-driven surge in AI leaders and warned gains could unwind quickly if sentiment sours.
- At Web Summit, CEOs including DeepL’s Jarek Kutylowski and Picsart’s Hovhannes Avoyan flagged exaggerated valuations and "vibe revenue," as Michael Burry’s disclosed puts against Nvidia and Palantir kept skepticism in focus.
- An Accel report projects about $4 trillion in AI data-center capex over five years to reach 117 gigawatts by 2030, with analysts also highlighting chip constraints and a possible data-center "power wall" late in the decade.