【AI wiped out $1 trillion in a week—and the bond market cracked first 😱💥】
Group chat: 🚀 加入X先生的粉丝群聊跟进行情
This time, it’s not crypto that’s falling. It’s the debt used to build the infrastructure for AI. Debt issued to build data centers for Nvidia has fallen below face value. The market calls this distressed debt. AI stocks lost $1 trillion in market value this week. 💥
Bond prices have dropped to 80 cents on the dollar, with yields nearing 15%. CoreWeave shares fell 17% this week. Its peer Nebius dropped 18%. Nvidia itself shed $270 billion in a week. It’s not that money hasn’t come in—it’s that lenders aren’t willing to lend more. 🔥
Gartner ran the numbers. By 2030, 80% of cloud service providers won’t survive. AI data centers need to generate $8.5 trillion just to cover their costs and interest. But the market is expected to spend at most $3.6 trillion. That $4 trillion gap could be written down by 2032. 😰
The ripple has already reached crypto. September’s PPI rose 6.3% year over year, above expectations. $BTC briefly fell below $80,000. $ETH lost the $2,400 level. Crypto and AI stocks rely on the same pool of money. When the bond market catches a cold, both get sick. 💧
My personal take: AI isn’t going away. It’s the borrow-to-build model that needs to rein in. Allianz’s CIO says the bond market is facing a Darwinian moment. Projects with weak credit will be the first to go. For the past two years, anything tied to AI could borrow cheaply. Now the market is asking just one question: Where’s the revenue? 🤔
Jensen Huang came out and said AI doesn’t need a bailout. But with bond prices down to 80 cents on the dollar, the market isn’t entirely convinced. OpenAI pushed its IPO to next year. Anthropic’s growth is also slowing. I think the toughest test isn’t this week. In the first quarter of next year, the debt will come due—and the revenue may still be a ways off. ⏳
📌 A bubble doesn’t necessarily burst in stock prices. It can burst in the interest bill, too.
How far do you think the cracks in AI debt could spread into crypto? Let’s talk in the comments.
#AI和半导体股本周市值损失超1万亿美元
Group chat: 🚀 加入X先生的粉丝群聊跟进行情
This time, it’s not crypto that’s falling. It’s the debt used to build the infrastructure for AI. Debt issued to build data centers for Nvidia has fallen below face value. The market calls this distressed debt. AI stocks lost $1 trillion in market value this week. 💥
Bond prices have dropped to 80 cents on the dollar, with yields nearing 15%. CoreWeave shares fell 17% this week. Its peer Nebius dropped 18%. Nvidia itself shed $270 billion in a week. It’s not that money hasn’t come in—it’s that lenders aren’t willing to lend more. 🔥
Gartner ran the numbers. By 2030, 80% of cloud service providers won’t survive. AI data centers need to generate $8.5 trillion just to cover their costs and interest. But the market is expected to spend at most $3.6 trillion. That $4 trillion gap could be written down by 2032. 😰
The ripple has already reached crypto. September’s PPI rose 6.3% year over year, above expectations. $BTC briefly fell below $80,000. $ETH lost the $2,400 level. Crypto and AI stocks rely on the same pool of money. When the bond market catches a cold, both get sick. 💧
My personal take: AI isn’t going away. It’s the borrow-to-build model that needs to rein in. Allianz’s CIO says the bond market is facing a Darwinian moment. Projects with weak credit will be the first to go. For the past two years, anything tied to AI could borrow cheaply. Now the market is asking just one question: Where’s the revenue? 🤔
Jensen Huang came out and said AI doesn’t need a bailout. But with bond prices down to 80 cents on the dollar, the market isn’t entirely convinced. OpenAI pushed its IPO to next year. Anthropic’s growth is also slowing. I think the toughest test isn’t this week. In the first quarter of next year, the debt will come due—and the revenue may still be a ways off. ⏳
📌 A bubble doesn’t necessarily burst in stock prices. It can burst in the interest bill, too.
How far do you think the cracks in AI debt could spread into crypto? Let’s talk in the comments.
#AI和半导体股本周市值损失超1万亿美元