The OpenAI bubble is already cracking.Look at the structure.OpenAI buys chips and compute.The suppliers invest back into OpenAI or give OpenAI equity upside.Then Wall Street treats those same contracts as “real demand.”That is not clean organic growth.That is circular AI financing.AMD gave OpenAI warrants for up to 160 million shares.Nvidia planned to invest up to $100B while OpenAI buys Nvidia systems.Oracle is tied to a reported $300B compute deal.This only works if OpenAI hits almost impossib
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