The AI chip market faces a significant downturn with net sales plummeting by nearly 25% sequentially and over 40% compared to the previous year. Amidst inflationary pressures and concerns over misdirected investments, every chip company is being labeled as an AI play, raising doubts about the sustainability of the market.
https://twitter.com/GregCrennan/status/1787580544479572371
Every chip company is an Ai play and our tax dollars going to declining businesses the malinvestments continue also inflation pic.twitter.com/NxnpYAd19b
— The Punisher (of Wall ST) (@GregCrennan) May 6, 2024