Wall Street Journal reports $3 trillion in off-balance-sheet AI commitments by major tech companies against $600B capex, raising bubble concerns.
Macro & Markets ·
Major U.S. tech companies have made off-balance-sheet AI commitments totaling $3 trillion while reporting actual capital expenditures of only $600 billion, according to reporting by the Wall Street Journal. Financial analyst Alex Kruger characterized the disparity as the largest bubble in stock market history.