Roy: AI slowdown would trigger tech unwind, not systemic financial crisis
Ranjan Roy · OpenAI’s & NVIDIA's $100 Billion Marriage, Meta’s Sloppy Vibes, TikTok Deal Arrives? · Sep 29, 2025 · at 16:08
Ranjan Roy and Alex Kantrowitz discuss whether heavy debt and infrastructure spending on AI data centers poses a systemic risk akin to the 2008 financial crisis.
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“I don't think so. Mainly because exactly as you said a moment ago, it's still a concentrated group of companies that have benefited so far. So the actual unwind would still be within those companies. There's already been plenty of companies that have been, you know, just decimated over the last few years would be because they were not the beneficiaries of this. So, so I don't think that kind of systemic risks exist in the same way. Obviously market downturn and What that leads to and kind of unknown effects are always potential, potential there. But I don't think, I think this is more of an unwind rather than some kind of calamity. And I, I'm, I have like seen many after living through the final global financial crisis in 2008. I think there's like a decade where every single signal made me think the next one was coming. And maybe I'm gonna eat my words significantly here, but I still see this more of a, like, as you said, Nvidia stock drops there's some ancillary negative effects, but it's not some, like economy-wide disaster.”
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