Deutsche Bank is now warning that the US AI bubble is about to pop.
“It may not be an exaggeration to write that NVIDIA—the key supplier of capital goods for the AI investment cycle—is currently carrying the weight of U.S. economic growth. The bad news is that in order for the tech cycle to continue contributing to GDP growth, capital investment needs to remain parabolic. This is highly unlikely.”
“In the absence of tech-related spending, the U.S. would be close to, or in, recession this year.”
“The AI boom is unsustainable unless tech spending goes ‘parabolic,’ Deutsche Bank warns: ‘This is highly unlikely’”
https://fortune.com/2025/09/23/ai-boom-unsustainable-tech-spending-parabolic-deutsche-bank/
