🇺🇸 SOMETHING VERY BAD IS HAPPENING TO THE U.S. STOCK MARKET.
The stock market is hitting new all-time highs, led by Nvidia.
But almost no one is focused on the real risk.
An AI bubble is inflating fast.
We’ve seen this before.
2000: Cisco led the internet boom as the core infrastructure play. It fell ~90% and never recovered.
Today: Nvidia is playing the same role for AI. Same position in the cycle. Bigger scale.
Here’s why the risk is higher now:
The “Magnificent 7” make up ~30% of the S&P 500. If AI sentiment breaks, the entire index is exposed.
Big Tech CapEx is exploding toward ~$650B by 2026, but ROI is still unclear. If earnings don’t follow, spending gets cut, and Nvidia is first in line.
On top of that, Japan potentially shifting rates could pull liquidity out of global markets, hitting risk assets hard.
This isn’t just 2000.
It’s 2000 with higher concentration, leverage, and tighter liquidity.