Are we in the midst of an artificial intelligence bubble? It’s a question investors are asking themselves as capital rushes from the hyperscalers to the chip makers to the memory stocks in a mad scramble to make sense of this rapidly evolving supply chain.On the ASX, one stock has emerged as the ultimate barometer of the AI boom, or if you side with the bears, an eventual bust: Megaport. The company founded by serial entrepreneur Bevan Slattery has experienced its fair share of ups and downs since it floated in 2015 as a cloud infrastructure play.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Megaport is the Australian sharemarket’s new AI boom-bust barometer
Megaport’s ride on the ASX has been wild. As it goes all in on AI, there are hundreds of millions of dollars of conviction capital on either side of the trade.
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