BREAKING
AI Chip Boom: Not a Dot-Com Rerun
Why This Cycle Looks Different
Dot-Com Era
THEN
●
Dark fiber overbuilt
●
Demand never showed up
AI Cycle
NOW
●
Training, inference demand real
●
Funded by hyperscaler cash
2025 AI Capex at Cloud Giants
Microsoft
80
Alphabet
75
Amazon OCF
130.7
0
B
Total raised
0
B
Debt
0
B
Equity
Leverage Is the Epicenter of Pain
$3T Private Credit Under Watch
AI NEWS BLITZ
A Bloomberg columnist says the AI chip boom is no replay of the dot-com bubble.