Bloomberg Surveillance · Thursday, July 9, 2026
Bob Elliott states that for AI sector investments to yield trillions in revenue, growth must exceed 100% annually for five years, a rate unprecedented in any historical sector. He deems this outcome "largely implausible," especially given the projected revenue would represent over 10% of US GDP.
“Well, in order to get trillions of dollars of revenue on all this hyperscaler investment, you need revenue growth in the AI sector to run at more than one hundred percent a year compounded over five years.”
“What are the odds that that's going to happen. Well, it's never happened in any sector at any scale in history.”
“We're talking about four trillion dollars of revenue growth that's more than ten percent of GDP of the US economy going to hyperscaler revenues. That is a largely implausible outcome.”