The AI Crash Makes No Sense
The stock market just lost $2 trillion in 40 minutes, and AI stocks took the worst of it. Intel is down more than half since October, AMD fell 17% in a day, and memory and cybersecurity names went red with them. Ejaaz breaks down why it happened (valuations, the ROI question and the midterm vote on data centers) and why he thinks the market is wrong: demand for AI is still climbing, with GPU rental prices up as much as 106% since July while token prices fell 58%.
We also cover where the money went (Apple, Amazon and Microsoft held up), Black October, Nvidia as the bedrock of the AI trade, the memory-stock bear case, why AI agents need far more CPUs, Palantir's record quarter, the fridge and blood-bank hacks, China paying a premium for Nvidia GPUs, how little the Fortune 500 spends on Claude, Big Tech's buyouts and Anthropic's IPO valuation.
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Timestamps
00:00 $2 Trillion in 40 Minutes
00:51 Where the Money Went
01:32 Why the Market Is Wrong
02:47 Black October
03:32 Intel's 50% Drop
04:57 The Midterm Effect
06:15 The Bull Case
07:07 Nvidia, the Bedrock
08:34 GPUs Are Worth More Than Ever
10:09 The Memory Stock Problem
12:04 Intel, AMD and the CPU Boom
14:28 The Skeptic's Case
15:49 Cybersecurity Goes Red
17:32 China Wants Nvidia GPUs
18:42 The Long View
21:26 The Bear Case
23:19 Anthropic's Valuation
24:12 Final Thoughts
#ai #stockmarket #nvidia #intel #amd
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