A Ticking Time Bomb Is Lurking for AI Stocks in 2025

• Companies are facing rising depreciation costs from their massive chip investments, Barclays says.
• Barclays warns these costs will significantly impact earnings estimates for top tech firms.
• Depreciation costs could lead to AI stock price declines and valuation scrutiny, according to Baird’s Ted Mortonson.

Companies getting a boost from the booming AI trade are in a race against the clock to prove that their massive investments in GPU chips are paying off, but there’s a little-talked-about issue that wi