BEWARE: MARKET RISK IS GROWING! THE NEXT RALLY COULD BE A TRAP!
If you’ve followed the financial press lately, you’ll know there’s been incredible drama and coverage around the AI buildout.
There are the extraordinary sums involved: hundreds of billions. Then there was the failed IPO of “neocloud” Firmus onto the ASX.
Just this week, established data centre firm NextDC (ASX: NXT) collapsed 41% in a day after it was forced to cut its earnings outlook.
Over in the United States, Mark Zuckerberg of Facebook fame showed no hesitation in raising his AI spending plans yet again. This came apparent after the company released its third quarter update.
He implied that Meta will spend another US$50–60 billion in the final quarter of the year. Next year, it will spend even more.
Here’s why…
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