"...the idea that bigger is always better looks increasingly challenged..."
PremiumWith a sharp bounce back in momentum, Goldman's One-Delta desk-head, Rich Privorotsky, believes the acute effects of deleveraging appear behind us (hopefully).The KOSPI ripped higher while SK Hynix surged roughly 25%, retracing a huge chunk of last week’s sell off.But who's the real winner here...
Chasing beneficiaries at peak earnings feels dangerous...
The trillion dollar question remains whether lower intelligence costs ultimately create more demand than they destroy pricing…
"...another piece of the AI stack moving onto the device.."
"The key isn’t using less AI, but routing... the first instinct may not be to accelerate CapEx... it may be to pause and…
Higher hyperscaler capex forecasts sit somewhat awkwardly alongside falling token costs, open source models and local inference...
...the ROI hurdle embedded in current spending is enormous, which is why the debate increasingly shifts from AI capability to AI…
