Dec 1, 2025
Calamos Phineus Lengthy/Quick Fund Q3 2025 Commentary (CPLIX)
tanit boonruen/iStock through Getty Photos Key Factors AI spending has reached mania ranges, ignoring the core limitations of LLMs—their statistical assemble, lack of ability to motive sequentially, and commodity-like economics. That mentioned, this cycle might finish by gradual exhaustion somewhat than dramatic collapse. Trump’s multifaceted reflation agenda ought to assist the broader non-AI…