Wild perspective check: US 30-year bond yields just hit levels we haven't seen since *before the iPhone existed*.
That's 2007 territory. Pre-financial crisis. Pre-crypto. Pre-everything.
For context: higher long-term yields = higher borrowing costs for everyone. Tech companies that rely on cheap capital to fund growth? They feel it first. AI infrastructure buildouts? More expensive. Venture funding? Tighter.
This isn't just a macro curiosity—it directly impacts the AI supercycle thesis. If the cost of capital stays elevated, we'll see:
• Slower deployment of massive AI data centers
• More selective VC funding (only the real winners survive)
• Pressure on high-growth, low-profit AI stocks
• Flight to quality (think $NVDA, $MSFT, $GOOGL over speculative plays)
The flip side? High rates eventually break something. And when they do, the Fed pivots, liquidity floods back, and risk assets rip.
For now, this is a headwind. Trade accordingly. Watch tech earnings closely. And maybe don't go all-in on pre-revenue AI startups while the 30-year is screaming.
The iPhone changed everything. These bond yields might too.
That's 2007 territory. Pre-financial crisis. Pre-crypto. Pre-everything.
For context: higher long-term yields = higher borrowing costs for everyone. Tech companies that rely on cheap capital to fund growth? They feel it first. AI infrastructure buildouts? More expensive. Venture funding? Tighter.
This isn't just a macro curiosity—it directly impacts the AI supercycle thesis. If the cost of capital stays elevated, we'll see:
• Slower deployment of massive AI data centers
• More selective VC funding (only the real winners survive)
• Pressure on high-growth, low-profit AI stocks
• Flight to quality (think $NVDA, $MSFT, $GOOGL over speculative plays)
The flip side? High rates eventually break something. And when they do, the Fed pivots, liquidity floods back, and risk assets rip.
For now, this is a headwind. Trade accordingly. Watch tech earnings closely. And maybe don't go all-in on pre-revenue AI startups while the 30-year is screaming.
The iPhone changed everything. These bond yields might too.