It's not a bet.
The US-style AI scam as FAANG is doing it, is a securities style fraud, to make their companies look like “growth stocks”, thus getting a pass on P/E criteria that apply to “mature stocks”. Luckily for them #Trump has dismantled regulations in the US.
And over-valuated stock is basically a licence to print money.
ink.library.smu.edu.sg/cgi/vie…
The companies can issue overvalued stock in themselves to pay for acquisitions, as compensation etc.
Big Tech Needs $2 Trillion In AI Revenue By 2030 or They Wasted Their Capex
As I've established again and again, we are in an AI bubble, and no, I cannot tell you when the bubble will pop, because we're in the stupidest financial era since the great financial crisis — though, I hope, not quite as severe in its even…Edward Zitron (Ed Zitron's Where's Your Ed At)
