'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later'

I’d probably have better luck shorting stocks if I could trigger a (rightful) panic like this guy can.

I’ve come to realize that I was assuming that there was a limit somewhere to “the market staying irrational”. I’m not so sure anymore

You could argue that a heavily debt-based business that requires years and years of more debt before becoming profitable would respond to rising interest rates quite negatively, but, yeah, the whole thing is already enitrely irrational.

I’m keeping some popcorn in reserve for OpenAI’s IPO.

But the question is whether or not they’re actively holding debt or just letting themselves get diluted through investments.

There’s more supply than demand for compute at the moment, so Microsoft is more than happy to buy ownership through Azure credits - Likewise Amazon is with AWS credits