The AI Pyramid: Big investments in data center lease agreements and chip purchases aren’t showing up on the balance sheets of companies.
Estimates by The Wall Street Journal suggest that off-balance-sheet obligations for major U.S. technology companies operating in AI amount to $3 trillion, compared with only $600 billion in capital expenditures.
Alex Kruger dubbed it “the biggest bubble in stock market history.”
Estimates by The Wall Street Journal suggest that off-balance-sheet obligations for major U.S. technology companies operating in AI amount to $3 trillion, compared with only $600 billion in capital expenditures.
Alex Kruger dubbed it “the biggest bubble in stock market history.”