Tech Giants Lose Billions
The AI boom is hitting a wall. From surging computer prices to steel mills fighting data centers for electricity, the real cost of artificial intelligence is finally hitting home.
What the video says
A massive 10% drop has wiped billions from tech's Magnificent Seven. Investors are fleeing giants like Nvidia, Microsoft, and Alphabet as the true cost of the AI boom hits the global economy.
The massive buildout is driving up consumer electronics prices. Experts warn RAM prices will surge another 40-50% in the coming quarter alone.
While the top 3 memory makers watch their profits soar, Tech giants face punishing input costs. The frenzy is even straining heavy industry.
According to the Wall Street Journal, surging US steel demand has left manufacturers power-constrained. Now the steel mills are actively competing for electricity with the very data centers they are trying to build.
