The United States has become a "NVIDIA Nation," and the AI bubble may repeat the 2008 crisis!
On November 17, The New York Times published an article: "NVIDIA's market value exceeded $5 trillion, making the U.S. a 'NVIDIA Nation'—AI-related spending accounts for 92% of its GDP growth, and 75% of the S&P 500 index's increase comes from AI stocks. However, this prosperity hides a huge bubble: tech giants are investing billions to build data centers, with power demand comparable to large cities, yet they are stuck in a high-investment, low-return dilemma. Microsoft, OpenAI, and others continue to suffer massive losses. To cover debts, companies use private equity to play financial tricks, packaging data center lease agreements into subprime-like securities, repeating the 2008 crisis. The AI boom conceals the truth of the U.S. manufacturing decline and the approaching recession in multiple states. Rapid depreciation of chips and decreasing returns add more risks. This gamble could either disrupt the world with superintelligence or trigger an unprecedented financial storm, and ordinary people will ultimately bear the cost of the chaos."
[Clever] The NVIDIA myth is likely an AI bubble fraud wrapped in subprime loan tactics! The American myth supported by its $5 trillion market value is nothing more than economic hollowing disguised by financial illusion. AI spending monopolizes 92% of GDP growth and 75% of stock market gains, seemingly prosperous but actually a big bet by the giants—billions invested in data centers, consuming power comparable to cities, yet yielding no real profits. OpenAI and Microsoft's continuous massive losses are clear evidence. More critically, companies are playing subprime-like strategies through private equity, packaging data center lease agreements into securities, repeating the 2008 crisis. This bubble has long concealed the truth of manufacturing decline and the approaching recession in multiple states. The rapid depreciation of chips and declining returns make the risk explosive. The so-called superintelligence is just an excuse for gamblers, and it will ultimately make ordinary people pay for capital greed. An unprecedented financial storm is brewing, and the era of universal AI is an opportunity or a trap?
Original: www.toutiao.com/article/1848996815856643/
Statement: This article represents the views of the author.