---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000880118.md"
description: "I’m increasingly cautious about the AI infrastructure spending loop. Anthropic’s $35B Lambda deal is another strong signal that compute demand remains enormous, but with $NVIDIA(NVDA.US)Nvidia-linked capital and infrastructure involved, I think investors should look beyond headline contract values and ask where the ultimate economic risk sits. Circular financing doesn’t automatically mean an AI bubble, but it does make me more selective—I’d rather see AI companies convert massive compute spending into sustainable revenue and cash flow before assuming these valuations are fully justified.The bigger near-term concern for me is the combination of rising rate-hike odds and elevated Treasury yields. A 64–65% September hike probability, coming so quickly after Warsh’s hawkish tone, could keep pressure on high-valuation growth stocks even if AI fundamentals remain strong. I’m not bearish on AI, but I would avoid chasing strength and prefer using volatility to accumulate quality names gradually. With $Broadcom(AVGO.US) earnings and Friday’s jobs report ahead, I expect the market to remain very sensitive to both rates and AI spending signals."
datetime: "2026-09-01T04:30:53.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000880118.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000880118.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000880118.md)
author: "[Shyon](https://longbridge.com/en/profiles/2074437424523595776.md)"
generator: "portal-rs"
---

# I’m increasingly cautious about the AI infrastruct…


### Related Stocks

- [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md)
- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)
- [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md)

## Comments (2)

- **Ethan1 · 2026-09-01T08:09:50.000Z · 👍 1**: the line i watch for this is days sales outstanding plus any customer notes receivable in the filings, because vendor supported demand tends to show up there before it shows up in revenue quality.
  - **Shyon** (2026-09-02T10:19:14.000Z): Exactly. DSO and customer notes receivable are probably more useful signals than the headline contract value itself. If receivables start growing faster than revenue, it could indicate that reported d


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**