AI Stocks: Boom, Bifurcation & BofA's $2.2T Forecast
AI-related equities continue to surge on massive institutional forecasts, but the broader market is deeply bifurcated — with credit spreads for the weakest companies at near 4-year highs and the S&P showing historically anomalous negative-beta behavior.
What we know
BofA's latest AI data center forecast projects systems growing from ~$280B in 2025 to ~$2.2T by 2030 — roughly 8x —. Nebius ($NBIS) is scaling faster than AWS or Azure at equivalent ages, and Nvidia's CTO publicly praised the company. Samsung guided Q3 operating profit at ~$80B — the highest ever for a tech company in a single quarter —. OpenAI's revenue cleared up: Bloomberg now confirms $70B target after a false '$50B only' scare. Meanwhile, $IREN popped ~8% on an Anthropic cloud deal but skeptics say it won't hold — an account on X. On the dark side, another account on X notes credit spreads for the weakest US companies hit 12.52%, near 4-year highs, while 45% of the S&P now has negative beta — 'that has never happened before'. South Korea's KOSDAQ fell 4% as its AI trade unwinds. IMF's Georgieva says AI is already driving ~3% of global growth as both a demand and investment shock — another account on X.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.