Author: Henry Kanapi

A veteran investor is warning that parts of the artificial intelligence economy may not survive the current spending boom. Kamil Dammich, partner and portfolio manager at North of South Capital, says in a new CNBC interview that the surge in GPU demand echoes the behavior seen in late 1990s tech markets. He recalls watching the internet bubble form at the start of his career, when companies poured money into infrastructure before real revenue materialized. When expectations failed to match earnings, he says the shakeout hit fast. “And I cut my teeth. I started off working back in the late 90s,…

The US stock market just erased $2 trillion in value, and one of the world’s most influential investors says the warning signs were already flashing. In a new CNBC interview, billionaire Ray Dalio says the market is inflating into a bubble as investors rush in and confuse market excitement with long-term value. He notes that today’s stocks are being priced as if the trajectory for the next two and a half decades is guaranteed. “There is definitely a bubble in markets. Bubbles are when there is a lot of creation of wealth from various ways, like you decide you are…

Nvidia chief executive Jensen Huang says talk of an AI investment bubble misses the real issue, noting that the world does not have enough compute to meet the enormous surge in demand now accelerating across industries. Speaking at the U.S.–Saudi Investment Forum, Huang highlights the collapse of Moore’s Law, indicating that general-purpose chips can no longer keep up with the demand for data processing worth hundreds of billions of dollars. He says companies are now being forced to shift to accelerated computing, and that transition is only beginning. “Six years ago, CPUs were 90% of the world’s supercomputers, top 500…

Atreides Management chief investment officer Gavin Baker says the United States is pulling ahead in the global artificial intelligence hardware race, fueled by the rollout of Nvidia’s Blackwell architecture. In a new commentary on X, Baker says China’s semiconductor ecosystem is losing critical ground as US firms ramp the next generation of compute. “Blackwell will likely significantly increase the gap between the American frontier models and Chinese open source models.” He says domestic Chinese AI chips are no longer close enough to compete on performance. He says the gap is widening faster than analysts appreciate. “The domestic Chinese semiconductors are…

Goldman Sachs says history suggests most major technology revolutions lead to stock market bubbles, but artificial intelligence is not there yet. In a new CNBC interview, Kim Posnett, the bank’s co-head of investment banking, points to a sweeping new equity research report that examined nearly two centuries of innovation cycles. She says the long-term direction remains clear. “A report that our equity research team just did… looked at 51 periods of major tech innovation over a 175-year period. They found that 75% of the time, that led to equity price bubbles.” Despite the similarities, she says today’s AI cycle has…

Rich Dad Poor Dad author Robert Kiyosaki sounds the alarm about a deepfake video using his image and likeness circulating on a popular video hosting site. In a new post on X, Kiyosaki says he recently spotted a YouTube clip showing a synthetic version of himself predicting that gold prices will collapse in the coming weeks. The best-selling author says he never made such a prediction. “PLEASE BE AWARE AI creates FAKE PEOPLE…just as the FED creates FAKE MONEY. Just saw a YouTube video with me saying gold will drop by 50% in December. I did not say that.” He…

Elon Musk says artificial intelligence will move off the planet within just a few years as compute demand overwhelms Earth’s power grid. Speaking at the US Saudi Investment Forum, Musk notes that harnessing the sun directly from orbit will unlock far more energy than ground-based systems can provide. He says Earth only receives a tiny fraction of the sun’s energy, highlighting that domestic infrastructure is already struggling to keep up with the rapid acceleration of machine power. “If civilization continues, which it probably will, then AI in space is inevitable…. The Earth only receives roughly one two-billionth of the Sun’s…

Michael Burry is taking direct aim at the money flows powering the AI boom, with Sam Altman’s OpenAI as the center of his target. In a fresh commentary on X, the “Big Short” investor says a widely circulated Bloomberg chart showing Nvidia, OpenAI and hyperscalers locked in a multi-billion dollar loop reveals something darker than a self-reinforcing business ecosystem. “Every company listed below has suspicious revenue recognition. The actual chart with ALL the give-and-take deals would be unreadable. The future will regard this as a picture of fraud, not a flywheel.” He notes that customer demand remains weak despite soaring…

Goldman Sachs chief executive David Solomon believes that the AI boom will have a set of winners and losers, just like any other investment cycle of the past. In a new CNBC interview, Solomon says money pouring into AI is now split between two very different risk profiles. He says there’s a big difference between Big Tech firms funding multi-billion-dollar deployments with durable cash flows and startups relying entirely on risk capital. According to Solomon, those who will be wiped out in the years to come will be AI startups. “Obviously, the big hyperscalers are big businesses that have enormous…

Nvidia (NVDA) posted another blockbuster quarter driven by surging demand for generative AI infrastructure. In a new press release, the chipmaker reports fiscal Q3 2026 revenue of $57 billion compared to estimates of $55 billion, while earnings come in at $1.30 per share versus expectations of $1.26. Data center sales hit $51.2 billion against $48.6 billion expected. Gross margins held steady at 74%. Nvidia expects fourth-quarter revenue to reach $65 billion versus analyst projections of $62 billion. CEO Jensen Huang says the AI buildout is accelerating faster than anyone predicted. “Blackwell sales are off the charts, and cloud GPUs are…