On AI Again & Earnings Again

The AI infrastructure buildout is increasingly being funded by Wall Street’s complex financial concoctions. The deals hinge on projections of AI end-user demand, some of which is unproven so far, and they could fall apart if the projections aren’t met. What then? Would AI go from boom to bust à la the housing market circa 2008? Probably not, says Melissa, though she points out the vulnerabilities in the AI ecosystem posed by creative financial engineering. … Also: Joe assesses the impacts of two big companies’ MTM gains on the S&P 500 companies’ collective Q2 and projected earnings.