Nasdaq’s AI winner-takes-all bet faces pressure from falling prices and rising costs

Expectations that a handful of AI companies will capture the industry’s profits face a challenge from price competition and rising computing costs. That combination could make the high valuations embedded in US technology stocks harder to justify. Speaking on David Lin’s broadcast on October 27, David Wu, CEO and founder of David Wu Unbound, said Nasdaq valuations assume a winner-takes-all outcome for AI. He argued that commoditization was the more likely result. Wu pointed to differences in how the US and China approach AI competition.

Source: TokenPost