Memory, Monetization, & Multiples: Goldman 1-Delta Desk Breaks Down The Key AI Debates (& The Most Important Chart To Watch)

There are a myriad complexities to the AI ecosystem from (chip and power) supply shortages, adoption rates and the crisis of tokenomics, to funding/CapEx needs... just to name a few.

In a brief note to clients this morning, Goldman Sachs One-Delta desk-head, Rich Privorotsky, attempts to cover them all - most specifically with a trader's eye - showing investors there is no clear through-path as the hyped up narratives clash with physical (and human and economic) reality.

Memory