Markets on Huffman Writeshttps://www.huffmanwrites.org/tags/markets/Recent content in Markets on Huffman WritesHugoenFri, 31 Jul 2026 09:27:00 -0500The AI Investment Bubble: Depreciation, Revenue, and the Diffusion of Riskhttps://www.huffmanwrites.org/posts/investing/the-ai-investment-bubble/Fri, 31 Jul 2026 09:27:00 -0500https://www.huffmanwrites.org/posts/investing/the-ai-investment-bubble/A researched analysis of the 2026 AI infrastructure buildout: aggressive depreciation accounting, a wide revenue-to-capex gap, and a financing structure that has spread the downside onto pension funds, index investors, and ratepayers.