Overview
- Big tech and AI leaders fell sharply this week, with one estimate putting the two‑day loss in market value near $1.5 trillion as investors reconsidered lofty expectations.
- Nvidia reports Wednesday after the close in a closely watched test for the AI trade, with analysts focused on order strength, chip supply, and emerging data‑center power constraints.
- DWS chief executive Stefan Hoops cautioned that the AI rally is unusually retail‑driven and untested in a prolonged downturn, saying there is "no playbook" for how quickly it could unwind.
- Tech executives at Web Summit, including DeepL’s CEO, flagged bubble signs and "vibe revenue" at startups with little sales, while Michael Burry questioned whether hyperscalers understate chip depreciation and overstate profits.
- An Accel report projected roughly 117 gigawatts of new AI data‑center capacity by 2030, implying about $4 trillion in capex over five years and intensifying scrutiny of payback and monetization.