🚨 THE AI TRADE JUST RAN INTO THE BOND MARKET. THE BOND MARKET WON.
South Korea’s KOSPI plunged more than 5% Wednesday morning as Samsung and SK Hynix were hammered. Japan’s Nikkei fell roughly 2.6%. Tuesday’s Nasdaq dropped 1.3%. Meanwhile, the U.S. 10 year Treasury is hovering around 4.7% and oil is above $90 a barrel. Apparently even artificial intelligence has to pay its cost of capital. 📉🧠💰
But here is the part serious investors should watch: public markets are selling AI stocks while sovereign capital is buying AI infrastructure.
🇸🇬 GIC and Macquarie have partnered with Anthropic to build Theseus Infrastructure, a platform that will own purpose built…
The skinny
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