Redburn Analyst on His Call to Cut Microsoft, Amazon

The bull case for generative AI may be losing steam. Analyst Alexander Haissl at Redburn is cutting his ratings on Microsoft and Amazon to neutral, saying the Gen-AI boom is NOT the next cloud. He says weak economics, costly infrastructure and fast-depreciating hardware raise the risk of an industry overbuild. Alexander joined Bloomberg Open Interest to talk about his call. (Source: Bloomberg)