46% of the S&P 500 is One AI Bet | Kai Wu on Why It’s Likely the Wrong One
In this episode of Excess Returns, Kai Wu of Sparkline Capital returns to discuss his latest research on AI adoption, ROI, and what it all means for investors.
Building on his prior work on the AI CapEx boom, Kai tackles the trillion dollar question at the center of today’s market: Is AI generating real, measurable economic returns across the broader economy, or are we still in an infrastructure-driven bubble?
Using a systematic analysis of earnings calls, patent data, and adoption trends, Kai lays out a framework for identifying which companies are truly benefiting from artificial…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.