Our readingWhat is a korrent?
If AI hardware depreciates faster than assumed, the economics of the debt-financed AI capex boom invert and today's leverage turns reckless.
Drawn from what Brad DeLong said
Subjectsemiconductors
What this subject means
semiconductors The chips and the companies that make them: NVIDIA, TSMC, ASML, and what a fab can and cannot do.
Mental modelsSecond-order thinking, Leverage