Jordi Visser: Hyperscalers Are Collapsing. Is the AI "Bubble" Crashing or Consolidating?


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Source: Youtube Jordi Visser

Type: Video

Published: June 28, 2026 at 12:30 PM (about 2 hours ago)

Video Description

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In this week's video, I walk through a brutal June for the hyperscalers and the Mag 7, and why I think investors have to adapt to a midcycle slowdown, a pause inside an expansion where growth stays positive but the rate of change comes down. The S&P was off 2% on the week, but this is not a fall. Healthcare ran +8%, real estate +4%, utilities higher, while the Mag 7 complex, consumer discretionary, and info tech sold off. The Q's dropped nearly 5%, yet IWM outperformed for a third straight week. This is rotation, rotation, rotation.
Hyperscalers are down 14% month-to-date, and I still want to be short them relative to the thematic AI trade, not on fundamentals, but as continued benchmark...

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