Thoughtful Money with Adam Taggart · Thursday, July 16, 2026
John Loder raised concerns about potential malinvestment in the AI sector, drawing parallels to the dot-com era's overbuilding of fiber optic networks. He highlighted that unlike durable fiber optic cables, AI chips have a short lifespan and quickly become obsolete, questioning the long-term value of current data center investments.
“The first question is, how much of that maybe is malinvestment?”
“But, um, these chips get outdated within just a couple of years.”
“So, you know, a very open question right now is, you know, what percentage of that maybe is malinvestment?”