When China enters a space, it gets commoditized; both semiconductors and AI models are currently priced for never being commoditized, but the market is rapidly advancing toward commoditization of these two sectors despite markets pricing for the opposite outcome.
causalpending
Speaker
Louis GavelkalEvidence Quote
“when China enters a space it gets commoditized...it seems to me that we are like very rapidly advancing in the process of commod commoditizing those two things the models and the semiconductors uh and yet the markets are priced for completely different”
Created: 8/12/2026, 6:20:13 PM
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