Jonah “Captain” Cheng, one of Taiwan’s most outspoken tech investors, believes the AI boom still has room to run. In his latest interview with TechTaiwan, the former semiconductor analyst at Merrill Lynch and UBS argues that the AI bubble won’t burst for at least two more years.
Cheng breaks down OpenAI’s trillion-dollar “perpetual-motion” loop with Nvidia, AMD, and Oracle, and warns how TSMC’s aggressive pricing could push customers toward Intel. He also explains why power shortages and CoWoS bottlenecks may be slowing the frenzy — and why that might actually be a good thing.
For readers tracking the AI supply chain, his two warning signs for when to “run” are worth noting.
cwnewsroom.substack.com
Cheng breaks down OpenAI’s trillion-dollar “perpetual-motion” loop with Nvidia, AMD, and Oracle, and warns how TSMC’s aggressive pricing could push customers toward Intel. He also explains why power shortages and CoWoS bottlenecks may be slowing the frenzy — and why that might actually be a good thing.
For readers tracking the AI supply chain, his two warning signs for when to “run” are worth noting.
“Captain” Jonah Cheng Says the AI Bubble Is Two Years Away — Watch for These Two Warning Signs
Liang-rong Chen
cwnewsroom.substack.com