Nvidia has lined up half a trillion dollars from major asset managers to lend to its own customers. BlackRock CEO Larry Fink hailed a "new era," but analysts question if it's just circular financing for an AI bubble.
The tape Prof G Markets · Aug 12
“BlackRock CEO Larry Fink called the project the beginning of quote, the next future for financial engineering.”
2:48 / --:--
Excess Returns · We Asked T. Rowe's $8 Billion Tech Manager Why We Are in 1998 — And Why Software Is in TroubleAug 11
A T. Rowe manager forecasts AI-driven capital expenditures by hyperscalers will soar to $1.6 trillion next year, a view echoed on Bloomberg, where analysts note cloud growth and margins are already expanding.
The Indicator from Planet Money · Borrowing money to invest! What could go wrong?Aug 11
US investors are borrowing against their portfolios at unprecedented levels, a 50% jump in one year. While the party rages, a recent 40% crash in South Korea shows how quickly leveraged bets can unwind.