Four AI Stocks for the Decade of Delusion

by

In the grand tradition of financial folly, the S&P 500 has been seduced by the siren song of artificial intelligence. The spectacle is as tiresome as it is lucrative: a parade of tech titans, their pockets sewn with billions, racing to outwit one another in a contest of who can best feign innovation. The results, of course, are predictable-until they aren’t.

For those who have yet to succumb to the fevered delusions of this AI gold rush, or who merely wish to diversify their portfolio of misplaced optimism, consider the following quartet of stocks. These are not investments; they are pilgrimages to the altar of speculative excess.

1. Nvidia

Nvidia (NVDA), that most diligent of silicon-age scribes, has carved itself a niche in the temple of artificial intelligence. Its processors, found in a preposterous 70% to 95% of AI data centers, are less hardware than holy relics. The company’s share price, having climbed over 1,100% in three years, suggests a populace more concerned with the altar than the deity.

Recent Q2 results, with data center sales leaping 56% to $41 billion, are less a testament to ingenuity than a tribute to the gullibility of investors. CEO Jensen Huang’s prophecy of $3-4 trillion in AI data center spending by decade’s end is the kind of optimism that turns gold into lead-and then sells the lead as platinum.

Loading widget...

2. Microsoft

Microsoft (MSFT), ever the suave opportunist, partnered with OpenAI years ago, a move as shrewd as it was inevitable. Integrating AI into its digital empire has allowed it to outpace Apple, a company whose chief innovation in the last decade seems to have been the art of charging $1,000 for a phone.

Its Azure cloud platform, now a $75 billion juggernaut, is the kind of growth that makes one wonder whether the company’s engineers are billing clients for the air they breathe. With global AI cloud revenue projected to balloon into a $2 trillion market by 2030, Microsoft’s future is as secure as a man who believes he’s swimming in a pool of liquid confidence.

3. Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing (TSM), the unsung hero of the AI saga, produces 90% of the world’s advanced processors. Its Q2 sales, up 39% to $31 billion, are a reminder that in the age of AI, the real magic lies not in the software but in the silicon-and the people willing to sell it at a 26 times earnings multiple, a price that would make even a used car salesman blush.

While its peers bask in the limelight, TSMC quietly churns out the chips that power the dreams of others. A company that trades at a multiple in line with the S&P 500 is either a bargain-or a warning written in binary.

Loading widget...

4. Broadcom

Broadcom (AVGO), that most acquisitive of corporate alchemists, has stumbled into the AI fray with its custom ASICs. Its Q3 AI revenue, surging 63% to $5.2 billion, is less a triumph of engineering than a testament to the power of naming a product after the future. The $10 billion order from a “new customer” (OpenAI, presumably) is the kind of news that makes one question whether the customer is paying for silicon or for the illusion of progress.

CEO Hock Tan’s vague promises of “material improvement” in AI revenue by 2026 are the corporate equivalent of a priest offering absolution without specifying the sin. One suspects Broadcom’s true genius lies not in manufacturing but in the art of turning vague hopes into concrete valuations.

To hold these stocks for a decade is to bet not on their potential but on the persistence of human credulity. The future of AI, as with all such grand narratives, is a story written by the present, and the only thing more certain than the rise of silicon is the fall of those who confuse hype for substance. 🤖

Read More

2025-09-09 15:40