Geopolitical conflict in the Strait of Hormuz could trigger a global energy shock and recession.
Rising global inflation projections may force central banks into policy decisions that stifle economic growth.
Extreme valuations in the private AI market may not be sustainable and could indicate a bubble.
The high cost of AI infrastructure presents a significant ROI challenge for companies without a diversified monetization strategy like a cloud business.
Opportunities Identified
Leading AI companies like Anthropic continue to attract massive capital inflows, indicating strong growth potential.
The shift towards custom silicon creates opportunities for chip designers like Broadcom and foundries like TSMC.
The US is uniquely positioned with high productivity growth, making it more resilient to global economic shocks.
Foundational technology providers like ASML are poised for long-term growth as the demand for advanced computing capacity expands.