Jack Crivici-Kramer

Besties, here's the realization.

AI isn't an unlimited resource like Air is.

AI is really expensive.

So Amazon ended that internal token maxing leaderboard and Microsoft just canceled cloud code licenses that they considered not worth it.

So Jack and I thought of an early takeaway here.

It's that AI agents explain the whole stock market right now.

Because with a Gentic, you're not asking AI one question and then getting one answer.

Like, what's that thing on my thigh?

That's not how you're using it.

No, you're hiring AI to do like a full-time job.

And that AI does that full-time job 24 hours a day for you overnight.

According to

Goldman Sachs' agentic AI could drive a 24x increase in token consumption by 2030.

That huge increase in AI driven by agentic?

Yes.

It's caused wild demand for chips?

Yes, it has.

And driven stocks of chip companies to wild all-time highs this year.

But besties, last week's sticker shock is a reality check that could send the market back down.

We've gone from token maxing