Intel CEO cautions on near-term AI capex correction

CEO of Intel, Lip-Bu Tan, on AI concerns: "From my humble experience and knowledge, I think the AI is here to stay, just like internet and so you can do a lot more thing with a lot of agent." "But meanwhile like any new technology, sometimes people carry away, you're starting to grow too fast. Some correction is healthy then over time you're going to turbocharge again." "I think the money spent is well spent, but the return will be slower to come in. So people have to be more patient rather than you kind of expecting there's going to be a big jump on the revenue." He mentions a correction could be caused by: 1. Security concerns - multiple agents working and not controlled properly. 2. Shortages in memory, substrate - enough money to buy, but not enough supply available. 3. Power 4. Capital requirement - trillions of dollars in terms of debt financing, structure financing where it becomes more expensive to finance the buildout. Via @YahooFinance $INTC $GOOGL $META $MSFT $AMZN $ORCL