Ed Zitron
@edzitron
Newsletter - Better Offline Podcast - - CEO at
Joined December 2008
5.6K Following 153.3K Followers
Yeah this feels like a fairly definitive condemnation of the AI trade at its core from Fidelity’s Head of Global Macro
On the AI front, the trade has been dead money for more than 3 months now. The metrics I am following (token expenditures and GPU lease rates) are all flat to down. The price of memory (DRAM) seems to be the only thing that is still going up. 🧵(1/2)
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