The endogenous bubble

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The endogenous bubble

David P. Goldman writes that tech stocks crashed due to disappointing manufacturing data and concerns over the sustainability of AI investments. Despite high valuations, Nvidia’s forward P/E of 70 reflects market belief in AI’s potential, though Goldman warns of a bubble.

State polls bring new variable to German foreign policy

Diego Faßnacht writes that recent state elections in Thuringia and Saxony, Germany, have significant geopolitical implications, particularly regarding Germany’s stance on the Ukraine conflict and US missile deployments.

Ukraine’s defenses strained as Russia seeks strategic gains in Donbass

James Davis reports that Russian forces have stabilized the front in the Kursk region, halting Ukraine’s advance while intensifying their offensive in Donbass. Ukraine’s attempt to gain ground in Kursk has stalled, with Russian forces slowly wearing down Ukrainian troops.

Weak US economy, problems at Intel undermine chipmaker share prices

Scott Foster reports that a weak US manufacturing index and Intel’s troubles have raised concerns about AI investment, semiconductor capital spending, and the effectiveness of the CHIPS Act. Nvidia’s stock dropped 17% within a week, and other semiconductor stocks followed.