Investors are becoming more impatient around the AI trade, according to Michael Landsberg, pointing to investor selloffs in Alphabet (GOOGL), Amazon (AMZN), and Meta Platforms (META) as key examples. As Michael explains, cash flow and guidance concerns are the core reasons behind tech trepidation. A tentative interest rate hiking cycle from the Fed is something he sees adding pressure to long-term economic growth. Micheal adds that neoclouds like CoreWeave (CRWV) and Nebius (NBIS) will face lingering credit concerns as Treasury yields stay elevated.