Two months ago, I wrote about how AI infrastructure spending was following the exact playbook of the fiber optic bubble—revolutionary technology paired with catastrophic overbuilding. Well, this week delivered something even more telling.
A tale of two bubbles, separated by 25 years and united by the same spectacular blindness to efficiency.
As an avid AI enthusiast who has extensively used both DeepSeek and ChatGPT, I wanted to share my thoughts with my audience. Let’s take a deep dive into the DeepSeek panic, NVIDIA’s valuation, and the broader implications for AI investors.