AI Fatigue: The Overlooked Human Factor in Tech Stocks

While global markets continue to hit record highs driven by the artificial intelligence wave led by giants like Nvidia and Microsoft, a concerning undercurrent is forming among technology workers. The nostalgia for the "pre-AI" era is emerging not merely as sentimentality, but as a consequence of the cognitive overload brought by new generation production models. While the semiconductor industry may be racing towards a $2 trillion market cap, the human backbone supporting this value is creaking.

The Efficiency Paradox and Cognitive Fatigue

The gap in expectations between management and employees is creating new risk factors on the fundamental analysis of technology stocks. Although efficiency per task increases with AI tools, employee concerns regarding "constant monitoring" and "response speed" are rising.

■More than 60% of workers state that AI tools increase complexity rather than alleviating workload.

■The slowdown in hiring at companies like Microsoft and Google demonstrates how quickly automation is replacing the human factor.

■The "always-on" culture created by productivity software suppresses creative thinking processes.

Human Risk in the Supply Chain

Viewed from Dr. Yaman Ege's perspective, this is not just an HR issue but a supply chain risk affecting manufacturing giants like TSMC and ASML. If software developers and data analysts burn out under this pressure, the speed of innovation required by the chip industry could decline.

Markets are currently focused on Nvidia's GPU success, but my supply chain analyses indicate that this erosion in human capital could threaten growth projections between 2025-2030. No matter how autonomous a production line is, if the cognitive capacity designing and managing it collapses, stock values will eventually have to reflect this reality.