Raoul Pal, co-founder and CEO of Real Vision, posted on X on Saturday, November 14, 2026, making a strong claim about the artificial intelligence market. Pal stated, "This is not 2000 all over again. This buildout is funded by infinite demand. its just not coming from humans. Agents are the biggest consumers of intelligence and they only really started at the beginning of this year. Look at the usage curves, they're exponential already. The intelligence market can't saturate because the thing buying the intelligence is intelligence itself. Its the first infinite demand good we've ever seen."
Pal's assertion comes as the technology sector sees varied performance. Nvidia (NVDA) shares are trading at $162.85, down 2.0% today, while broader discussions continue about the sector's trajectory. Recent Gokhshtein Media coverage has highlighted differing views, including a report on tech voices weighing Nvidia's leadership, and another on Goldman Sachs anticipating a final dollar rally before a 2027 reversal driven by AI trade exhaustion. Investment in AI remains robust, with some firms like MEGA shifting significant capital, $30 million, towards AI development.
Pal's view suggests that traditional market saturation models do not apply to artificial intelligence, arguing that AI agents themselves create an inherent and ever-growing demand for intelligence. This perspective implies that the current buildout of AI infrastructure and capabilities could sustain rapid growth indefinitely. Investors might consider how this unique demand dynamic could influence long-term valuations for companies developing AI models, chips, and related services, differentiating the current period from historical tech cycles.
