Franklin Portfolio Manager: AI ROI Will Decide Whether Chip Demand Holds Up

IBDinvestors · reddit · 2026-08-28

Franklin Equity portfolio manager Jonathan Curtis argues the chip-demand question comes down to ROI:

If Big Tech keeps seeing real returns from AI investment, spending should continue, keeping chip demand strong;
He believes we may be near the bottom of the "J-curve," where payoffs from all that spending start becoming visible;
If so, benefits should eventually spread beyond mega-cap tech to smaller companies building, running and using AI.

The poster asks the community whether current AI ROI evidence justifies continued spending.

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