David Wallace-Wells
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
Great Rotation Trade: Investors Shift Funds from AI Giants to Defensive Stocks Amid Concerns Over Sustainability and Power Supply
Broke On: Wednesday, 24 July 2024Investors are shifting funds from AI giants to defensive companies and lesser-known stocks due to concerns over the sustainability of gains in the tech industry, particularly regarding electricity demand and power supply shortages. This trend, known as the 'Great Rotation Trade,' has gained momentum as China leads in adding alternative energy to its grid and data centers provide land for hosting computing facilities. However, some experts caution against AI investment hype due to concerns over long-term viability and potential for a bubble.