AI Infrastructure Bubble Fears Intensify
Multiple sources are converging on concerns about overbuilt AI infrastructure — unlit GPU warehouses, surging AI debt default insurance, and a sharp CoreWeave price target cut — while corporate AI deals continue to be announced.
What we know
@FT reports a surge in default insurance trading tied to AI debt worries. An account on X is vindicated on its '$1T inventory paperweight' thesis about unlit data centres. Another account on X reports BNP Paribas cut CoreWeave's price target from $169 to $117. Another account on X debates whether dark GPU racks ($NBIS) are truly comparable to the dark fiber bubble of 2000, arguing the demand situation is fundamentally different. On the deal side, another account on X reports Oracle and AstraZeneca signed an AI pact for clinical trials, and another account on X reports Hyundai is boosting 'physical AI' focus amid Chinese competition.
Sources
“AI debt worries spark surge in default insurance trading”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.