AI upheaval shows little sign of lessening
If the boom continues its blistering pace through 2026, the stresses could start to show
If the boom continues its blistering pace through 2026, the stresses could start to show

The market’s calm in the face of war is beginning to crack

The surge in investment may end up looking more like previous cycles of over-optimism and heavy capital spending

Valuations may be spectacular and a bust could come — but while there’s exuberance there is no mania or irrationality

The hope (and hype) is as powerful as ever but it is hard to see where the needed revenues will come from

The biggest groups splashing their cash may not make their money back, but will almost certainly live to tell the tale

History teaches that tech revolutions follow a predictable cycle of installation followed by creative destruction