this post was submitted on 04 Aug 2025
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Impact still hasn't been felt yet fully imo. I think Q1 saw a lot of panic ordering as folks sought to lock in capital spend before the tariff impact. I know in renewables we front loaded a lot of spend to try to secure safe harbor but that was taken away in BBB. Without that I think the Q1 numbers would have looked much worse.
Our entire development pipeline has been obliterated post 2028. Feels like AI is the only growth sector and maybe not the best ground to build a sound economic foundation on.
Read on
that 7 firms accounted for 40% of s&p value and now are worth 20% of global equity lmao. WSJ with an interesting piece this morning about how we are basically pouring our entire productive capacity into building data centers
Most efficient system folks
In the handful of interviews I've had these past months, the hiring managers have very excitedly talked about how their products get used by AI data centers (even if tangentially). In one of them, I pointedly asked what their plan was if the bottom fell out of the AI market, and I got a very hem-haw answer.
It's frightening how much the commanders of capital are betting the farm on AI being as transformational as the hype artists are claiming it's going to be. This is getting way beyond the territory of even the late 90s tech boom.
Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla for others reading
It rules that fucking Tesla is now too big to fail just absolute idiocy
A price to earnings ratio of 160 is totally normal and fine