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The Future of Data Centers in the US.
It’s not what you think
A lot has been said in the last few days about the future of data centers and AI in America. Markets erased $3 trillion from S&P 500 companies on Thursday alone, mostly over the midterm elections.
But most of it is based on wrong intuitions. The reality for AI is, in fact, worse.
If you’re interested or concerned about the future of AI in the US and as a whole, if you want data-driven answers, this is for you.
The AI Industry, in Shambles
The last month or so has not been kind to the AI industry’s market performance.
Bad is becoming worse
Most AI companies are down multiple-digit percentages from their peaks. In some cases, they have been cut in half, like the memory companies.
It’s safe to say the AI trade is in a deep recession. Interestingly, this comes as most affected entities post record-high earnings and projected growth.
In other words, investors are still selling stocks that are massively overperforming on sales, which can only be explained by a broader loss of faith regarding AI’s future.
