The ripple effects of AI splurging
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 25 February 2026
⏱️ 7 minutes
🧾️ Download transcript
Summary
First up, AI has driven a market moodiness as of late. Broader anxieties have sparked sell-offs, while bullish tech optimism has also boosted stock indexes. What gives? Then, companies are expected to spend a whopping $50 billion a month on AI data center construction over the next few years. Those firms are issuing investment-grade corporate bonds to pay for it all. This morning, we'll dig into what that could mean for interest rates.
Transcript
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| 0:00.0 | AI-driven moodiness on financial markets. I'm David Brancaccio in Los Angeles. Monday, the stock market |
| 0:08.5 | consensus was that artificial intelligence will ruin swaths of the economy, and we got a big |
| 0:14.1 | sell-off. Then came Tuesday where a $100 billion meta-Facebook deal to buy AI chips from advanced |
| 0:20.7 | micro-devices drove a wave |
| 0:22.6 | of tech optimism that boosted the NASDAQ here 1% in Japan's NICA index by more than 2% today. |
| 0:29.4 | Now, pick a day and market players pick one poll or another on AI. |
| 0:34.0 | One such market player is Susan Schmidt, portfolio manager and exchange capital resources. |
| 0:39.1 | Good morning. |
| 0:39.9 | Good morning. |
| 0:40.9 | Can I say it this way? |
| 0:41.8 | What is with you, people? |
| 0:43.1 | I mean, it turns on a dime these days. |
| 0:46.3 | That's fair. |
| 0:47.3 | That's fair. |
| 0:48.1 | That's because it's such an unknown. |
| 0:50.4 | We just have no idea how soon companies are going to realize operating profitability, operating improvements from this AI investment. |
| 0:59.7 | These are big numbers. |
| 1:01.5 | Investors just can't figure out what to make with it. |
| 1:04.0 | I mean, yesterday was guided by huge meta, Facebook, Instagram, etc., doing a huge deal to buy AI chips from advanced micro devices. |
| 1:15.0 | But today we get the other big AI chip makers results. It'll be late in the day after the market |
| 1:20.2 | closes, that famous company, NVIDIA. Invita has been very good at under promising and over delivering |
| 1:27.1 | on recent quarters. |
... |
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