so many things that could "kill the AI trade" ROI slowing down, models stopping getting better, open source cause pricing collapse, China, and many others. 10 year at 5% or even 6% is not one. Of course yield spike could cause semi stocks to nosedive but in terms of ACTUALLY STOPPING THE INVESTMENT? That is driven by forces exogenous to yields being at 2-8%
yes not mentioning the name of the PE guy that motivated this tweet^... being a gentleman about it for the moment
and also yes if 10-year goes to 10% or "triple digits" (ridiculous thing to say) then yes sure that could crimp investment
of course I could be wrong... just my views