Literally seconds after I pulled the trigger on my previous screed, my wife forwarded me this susstuck by investment strategist Joachim Klement:

https://klementoninvesting.substack.com/p/if-this-is-true-the-hyperscalers

Basically, if what Joachim - and the Stanford study he references - claims is correct, then, well… everything I just wrote/pulled out of me arsehole is also correct.

A.I. is not a bubble because A.I. sucks. A.I. is good for many things. Just not the things these companies have tried hardest to sell us on (like creating art or emailing loved ones).

But the vast majority of things that A.I. IS good for don’t require LLMs or data centers. All they need is a SLM (small language model) running on a cell phone or desk top chip… you know, the sorts of things made by companies like Apple and Intel.

Uh-huh.

And what country currently dominates the SLM market?

Yup. You’ve got it! China.

All of those nasty, unanimously-loathed data centers that 6 of the Mag 7, as well as their enabler private equity companies, have been pouring trillions of dollars into are already, as of today, scrap heaps. A vast landfill full of E.T.: The Extraterrestrial Atari 2600 cartridges and shame.

All that waste. All that damage done to rural communities and the already effed—beyond-repair climate. All for a momentary blip in stock valuations before the whole shitshow comes crashing down. It will take decades to undo the damage, if it’s even fixable at all. All so a handful of billionaires could aspire to holding trillions for a hot second before it all turned to dust.

F&&&K those a$$holes. Seriously. F&&&K them in the throats.