Tumbling stocks point to AI fragility
Barclays’ analysts find evidence of productivity gains from AI adoption “unconvincing”, fuelling fears of a bubble, amid doubts the infrastructure spend will pay off and circular investments that could magnify losses
CIRCULAR FINANCING
Nvidia shares fall on reports of $250bn investment in OpenAI data centre
Investment
Hardware
Services
Market capitalisation
Nvidia
$4.8 trillion
Google
$4.0tn
Microsoft
$2.9tn
Amazon
$2.5tn
Broadcom
$1.8tn
SpaceX
$1.5tn
Anthropic
$965bn
OpenAI
$852bn
AMD
$807bn
Intel
$462bn
Oracle
$345bn
AI startups
Nvidia invests in a number of companies that rely on its hardware
Sources: Bloomberg, BBC, ResultSense
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