A veteran market strategist says the next phase of AI is about revenue generation, not continued spending on cloud infrastructure, marking what he describes as a critical inflection point for investors.
In a new video update, Jordi Visser, founder and chief strategist at Visser Labs, says the AI cycle is following a familiar technological pattern, where early infrastructure buildouts are eventually offset by new revenue streams that justify the debt and capital investments.
“So, let’s use a timeline. It wasn’t until mobile apps… that we were able to offset the debt with revenues. AI agents and digital employees are the revenue point.”
Visser says the transition begins next year, which he believes is the most important development in the AI investment landscape. He says his focus is shifting toward identifying where investors across institutions can benefit as AI moves beyond centralized cloud spending and into real-world deployment.
“That’s what happens next year. That is the most important component, and that’s what I’m going to be spending my time with next year, making individual investors and hedge funds and mutual funds and pension funds and anyone who wants to make money at it, trying to give them high probabilistic places where they can benefit from the transition from the cloud to the agents in the enterprise.”
Visser broadens that transition beyond enterprise software, pointing to multiple end markets where AI adoption could unlock new revenue streams.
“From the cloud into the upgrade cycle on edge devices, from the cloud into robotaxis, humanoids, and everything else, there are so many places for this transition.”
He warns that many investors remain crowded in the same parts of the AI trade, particularly data center and infrastructure-linked stocks, where expectations are already well known.
“You do not have to focus anymore on overvalued stocks inside the data centers where everyone is crowded into the trade, and they know it. There are places that are not crowded yet.”
Disclaimer: Opinions expressed at CapitalAI Daily are not investment advice. Investors should do their own due diligence before making any decisions involving securities, cryptocurrencies, or digital assets. Your transfers and trades are at your own risk, and any losses you may incur are your responsibility. CapitalAI Daily does not recommend the buying or selling of any assets, nor is CapitalAI Daily an investment advisor. See our Editorial Standards and Terms of Use.