More Tales From Nvidia: And More Erratum (Issue #212!)
Doug Kass
on
July 7, 2026
GenAI isn’t good enough to replace millions of employees, so there is basically no way the capex is going to earn out. https://t.co/m9CxBmig0h
— Gary Marcus (@GaryMarcus) July 6, 2026
Torsten Slok argues that the AI boom can only be seen in the hyperscalers and semiconductor companies and that this is causing a pull back by users in most industries. They aren't getting the benefits (neither are AI Labs) needed to sustain the AI boom https://t.co/7OEEqca6DZ
— jeffrey lee funk (@jeffreyleefunk) July 7, 2026
https://www.zerohedge.com/ai/tech-ceos-just-kidding-about-jobpocalypse
Positions: None.
- Category: Daily Diary
Posted by Doug Kass
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.