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Fortune
Fortune
Technology
Jason Ma

Here's the 'core economic flaw' in the AI bull case as stock and bond trades unravel, according to a top economist

(Credit: Michael M. Santiago/Getty Images)

Apollo Chief Economic Torsten Slok was on a warpath this past week, issuing a series of warnings about the AI boom as Wall Street retreated from the sector.

On Tuesday, he pointed to the recent slowdown in token spending growth, saying the demand curve for compute is flat and highly sensitive to price changes.

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