Closing Bell Closing Bell 10/2/25
Oct 2, 2025
Ankur Crawford, an investment expert on technology and AI, discusses the growth of AI tokens and the potential risks tied to capacity constraints. He highlights opportunities in AI infrastructure, particularly for companies like NVIDIA amid power shortages. Phil LeBeau, an automotive journalist, provides insights into Tesla's record delivery numbers and the expectations surrounding their stock performance. Together, they dissect the intersection of technology, investment trends, and the future of electric vehicles.
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AI Demand Is Outpacing Capacity
- AI demand is exploding and token consumption growth is surging, signaling early-stage industrial-scale adoption.
- Capacity constraints for GPUs and infrastructure are the main limiter to AI growth, not application effectiveness.
Compare Multiples To Fundamental Growth
- Evaluate stock multiples alongside fundamental revenue and earnings growth before selling after big price moves.
- Deconvolve price gains from underlying business performance to decide whether to trim positions.
Power Could Become The Rate Limiter
- Power availability will become a critical bottleneck for AI and data center expansion later this decade.
- Independent power producers and energy suppliers could be long-term beneficiaries of tighter power markets.