this post was submitted on 11 Oct 2025
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All it takes is openAI or anthropic to run out of cash, then everyone providing them compute suddenly has giant power sucking white elephants that are basically useless for anything else (maybe crypto mining LMAO). And then they all stop buying more chips from Nvidia (you know, the company whose valuation is 8% of most index funds, and 80% of their revenue and all of their revenue growth over the past two years has been from data center sales).
Kinda crazy how 7 companies, all heavily invested in AI cloud compute, in one way or another, make up about a 1/3rd of the S&P 500.
I mean, good thing the AI bubble couldn’t possible pop any other bubbles. I mean, it’s not like nearly a decade of low interest rates could possibly have built any other bubbles in any other sort of asset markets.