The next-generation ‘Tiger Cubs’ who see the AI bubble risk—and know exactly where the next trade is

Ben Silver and David Tykocinski of Maverick Capital, part of the next generation of 'Tiger Cubs' investors, warn of a potential 'air pocket' in the AI trade as infrastructure buildout separates from productivity gains. They argue the AI investment cycle has shifted value from software to hardware and now anticipates a reversal, focusing on bottlenecks in semiconductor fabrication and materials.