AI Trade Is ‘Dead Money’: Fidelity Strategist Warns $3.3 Trillion Buildout Is Inflationary With ‘Unknown Returns’

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The artificial intelligence trade has been "dead money" for more than three months, Director of Global Macro at Fidelity Investments, Jurrien Timmer, said Tuesday, even as hyperscalers keep pouring hundreds of billions into the technology's buildout. 'The Price of Memory Seems to Be the Only Thing Still Going Up' "On the AI front, the trade has been dead money for more than 3 months now," Timmer said in a post on X, adding that token expenditures and GPU lease rates are "all flat to down." Don't Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Still Learning the Market?