korrents

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

What this subject means

semiconductors The chips and the companies that make them: NVIDIA, TSMC, ASML, and what a fab can and cannot do.

Second-order thinking, Leverage

What Brad DeLong actually said

  1. Brad DeLong Economics professor at the University of California
    If the useful life of an NVIDIA H100-vintage cluster turns out to really be three years rather than six, the capex cycle's economics invert, and the leverage that looked prudent looks reckless.

Added to korrents 20 Sept 2026 · How quotes work · Something wrong? Tell us

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