BREAKING
Is AI a Bubble? Wall St vs Valley
0
B
2026 AI capex
0
T
Cumulative by 2030
0
T
Data centers 25-28
Spending Dwarfs Revenue
OpenAI rev
25
Anthropic rev
19
OpenAI buildout
1400
Bubble or Real Demand?
Bubble thesis
Skeptics
●
Circular investment loops
●
Data-center debt and power limits
●
Dimon and Dalio cite dot-com
This time differs
Bulls
●
Real corporate demand
●
Leaders earn real revenue
●
Goldman: too early to call
0
%
of 2025 US gains
0
%
top 5 in S&P 500
0
T
Nvidia value
Timing, Not Whether
AI NEWS BLITZ
Wall Street and Silicon Valley are split as AI spending races ahead of revenue.