With AI-linked stocks now a record 45% of the S&P 500, tech billionaires who made their fortunes in the sector are quietly de-risking and moving into T-bills, seeing a bubble even greater than the dot-com era.
The tape Thoughtful Money with Adam Taggart · Jul 14
“AI-linked stocks account for a record 45% of the S&P 500s total market capitalization, and they drive nearly all of the gains it's had for the year so far.”
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Bloomberg Surveillance · June CPI and Kevin WarshJul 14
Apple claims it has lost 400 employees to OpenAI in an unprecedented talent drain. A new lawsuit alleges a former iPhone engineer hacked servers after leaving, prompting Apple to take action to 'stop the bleeding'.
Odd Lots · NY Governor Kathy Hochul on Her One Year Data Center MoratoriumJul 15
Citing concerns over energy consumption and infrastructure strain, New York State has instituted a one-year pause on new data centers. The move follows a similar moratorium in data-hub Reno, signaling that physical constraints, not capital, are becoming the biggest bottleneck for AI's expansion.