Investors shift to energy staples
1h
Investors fled tech stocks and shifted into energy and consumer staples on global equity markets after AI-driven worries sparked a steep tech sell-off, seeking more insulated holdings.
Reposted by Valentina De Marchi
The domino effect from the tech industry’s $700 billion AI spending spree is diverting resources and attention from other sectors of the economy, making finding an electrician or a reasonably priced smartphone increasingly difficult.
The AI boom is so huge it’s causing shortages everywhere else
The hundreds of billions of dollars being spent by tech companies on AI projects are diverting resources from other parts of the economy.
www.washingtonpost.com
February 7, 2026 at 9:00 PM
The domino effect from the tech industry’s $700 billion AI spending spree is diverting resources and attention from other sectors of the economy, making finding an electrician or a reasonably priced smartphone increasingly difficult.
by Jonas Nahm
Interesting counter-narrative to dominant story. Markets often get the direction right but can badly misjudge magnitude and timing. Worth listening if you are tracking industrial policy / energy transition. 9/9
February 7, 2026 at 7:23 PM
Interesting counter-narrative to dominant story. Markets often get the direction right but can badly misjudge magnitude and timing. Worth listening if you are tracking industrial policy / energy transition. 9/9
by Jonas Nahm
None of this means AI isn't a major technological shift or that data center growth won't be substantial. But we've seen this pattern before - transformative technology + investment boom + temporal mismatch. Railroads, internet bubble, clean tech 1.0. 6/
February 7, 2026 at 7:23 PM
None of this means AI isn't a major technological shift or that data center growth won't be substantial. But we've seen this pattern before - transformative technology + investment boom + temporal mismatch. Railroads, internet bubble, clean tech 1.0. 6/
by Jonas Nahm
The consensus view: AI requires massive power buildout, data centers are the new growth driver, utilities shifting from sleepy dividend plays to secular growth story. But the supply-demand math tells a different story. 2/
February 7, 2026 at 7:23 PM
The consensus view: AI requires massive power buildout, data centers are the new growth driver, utilities shifting from sleepy dividend plays to secular growth story. But the supply-demand math tells a different story. 2/
www.ft.com/content/df69... Tech wreck signals a market reset
Tech wreck signals a market reset
Rising tide might no longer support all sector stocks, let alone speculative dross like crypto
www.ft.com
February 7, 2026 at 1:35 PM
www.ft.com/content/df69... Tech wreck signals a market reset
‘“Over the last few months, the market has clearly shifted from the ‘every tech stock is a winner’ mindset to something far more brutal: a true winners and losers landscape,” said Deutsche Bank analyst Jim Reid in a note to clients this week. Now, it looks rather like tech is “eating itself”.’
February 7, 2026 at 1:35 PM
‘“Over the last few months, the market has clearly shifted from the ‘every tech stock is a winner’ mindset to something far more brutal: a true winners and losers landscape,” said Deutsche Bank analyst Jim Reid in a note to clients this week. Now, it looks rather like tech is “eating itself”.’