AI is a huge Ponzi scheme bubble BMTP...

A lot of the top cloud companies, Amazon, Microsoft.... ect ect are "investing" in these AI companies in the form of cloud usage credits meaning they can report their investment as income.
They are literally paying themselves with their own money and claiming big increases in revenue.(From their own money)

It's bulls**t but could go on for a long time.
Such a high percentage of the stock market is tied to all these companies, from infrastructure and chip makers to the AI companies themselves.

It has the potential to be devastating.

Posted By: usacanary, May 30, 11:07:21