The enormous capital being spent on AI and cloud infrastructure extension—projected at $3 trillion cumulatively through 2030—will introduce depreciation expenses and maintenance CapEx that, at a 10% depreciation schedule, represents approximately $300 billion annually in required cash outflows, yet current revenues from these investments are only $30-60 billion, creating an unsustainable math for returns on capital.
causalpending
Speaker
Chris SemperEvidence Quote
“$3 trillion... $300 billion of depreciation... revenues from $30 billion to $60 billion. No profits yet.”
Source
We Asked Chris Bloomstran Why He Won’t Own the S&P 500 At These Levels — And What He Does Instead— Excess ReturnsCreated: 8/12/2026, 6:13:17 PM
My Notes
Loading notes...