The Great AI Irony: The Application Layer Will Create the Most Value
DavidCahn6 · x · 2026-07-06
David Cahn analyzes the "Great AI Irony" in a recent post: infrastructure companies currently constrained by compute CapEx bottlenecks are reaping stock price surges, but in the long run, the application layer will generate the greatest value. He describes the industry as being in a "vertical climb phase." The article discusses the disconnect between heavy infrastructure investments and application-layer value creation, offering a key verdict on the current AI market structure.
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