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The AI Trade Is Losing One of Its Key Signals

The AI Trade Is Losing One of Its Key Signals
Bloomberg Markets Friday 03 July 2026, 06:13 UTC By Jan-Patrick Barnert, Michael Msika 1 min read
Key Points

The AI Trade Is Losing One of Its Key Signals At a time when markets are growing uneasy over whether the enormous sums being poured into artificial intelligence will ever pay off, the prices the sector commands for each unit of usage are drifting lower. The Silicon Data LLM Token Expenditure Index, which tracks what users pay for AI tokens, is down almost 20% from a high in May after nearly doubling since its inception in December. The gauge is the cleanest read anyone has on the $700...

The AI Trade Is Losing One of Its Key Signals At a time when markets are growing uneasy over whether the enormous sums being poured into artificial intelligence will ever pay off, the prices the sector commands for each unit of usage are drifting lower. The Silicon Data LLM Token Expenditure Index, which tracks what users pay for AI tokens, is down almost 20% from a high in May after nearly doubling since its inception in December. The gauge is the cleanest read anyone has on the $700 billion-plus capex boom that has done the sector’s heavy lifting.
Silicon (ORG)
Originally published by Bloomberg Markets Read original →

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