A reasonable evaluation of the US economy for 2026. I call it chips for jobs. The amount of capital expenditure for data centers will hold up GDP growth in early 2026 but is not sustainable as the reality of monetizing ai takes a much longer view similar to the the internet growth boom and bust of 2000. The tech companies have to know that expenditures on hard assets generally doesn’t end well for margins.
A reasonable evaluation of the US economy for 2026. I call it chips for jobs. The amount of capital expenditure for data centers will hold up GDP growth in early 2026 but is not sustainable as the reality of monetizing ai takes a much longer view similar to the the internet growth boom and bust of 2000. The tech companies have to know that expenditures on hard assets generally doesn’t end well for margins.
Very true, John.