# AI Bubble İlgili Makaleler

HTX Haber Merkezi, kripto endüstrisindeki piyasa trendleri, proje güncellemeleri, teknoloji gelişmeleri ve düzenleyici politikaları kapsayan "AI Bubble" hakkında en son makaleleri ve derinlemesine analizleri sunmaktadır.

The Real AI Bubble, You Can't Buy It

The article argues that the real "bubble" in the current AI boom is largely invisible and inaccessible to the average investor. Unlike the 2000 dot-com bubble, where overvalued companies were publicly traded, the most significant value surges and financial risks are occurring in private markets. Core AI companies like OpenAI, Anthropic, xAI, and Databricks have seen valuations skyrocket (e.g., OpenAI's from $157B to $852B in 18 months), but these transactions happen through private secondary sales, not public stock exchanges. These opaque markets create an "anxiety exposure," leading public investors to chase indirect proxies like memory chip or utility stocks. The author highlights how AI wealth extraction has been radically front-loaded. Employees and founders can cash out years before a potential IPO through structured secondary sales, "founder-led secondary" deals, and collateralized loans against private equity. Major tech firms also use "acqui-hires" or technology licensing deals (like Google/Character.AI, Microsoft/Inflection AI) to secure talent and tech without full acquisitions, allowing early exits outside of regulatory scrutiny. Furthermore, the AI infrastructure build-out is compared to the 2008 real estate bubble. Massive data center projects are financed through complex, off-balance-sheet structures involving private credit, joint ventures, and asset-backed securities using GPUs as collateral (e.g., CoreWeave's deals). This creates a "shadow borrowing" system where the stability of future AI demand underpins trillions in debt, posing systemic risks if expectations falter. The recent collapse of SaaS company Pluralsight, financed by major private credit firms, is cited as a warning. The conclusion is that the most dangerous part of the AI bubble isn't in plain sight on public markets; by the time the average investor sees it, the critical wealth transfers have already occurred in private, unregulated spaces.

marsbit05/14 07:10

The Real AI Bubble, You Can't Buy It

marsbit05/14 07:10

"The Big Short" Prototype Doubles Down on AI Crash Bets: Continues Shorting NVIDIA, Palantir, While Buying Software Stocks

"Big Short" legend Michael Burry is ramping up his bet against the AI frenzy. While the Nasdaq hits record highs and Nvidia's market cap nears $5.3 trillion, Burry is maintaining and expanding his bearish positions. He continues to hold put options on Nvidia and Palantir, has added direct short positions in Palantir, and expanded puts on semiconductor ETF SOXX, Nasdaq 100 ETF QQQ, and Oracle. Simultaneously, he is buying traditional software stocks like Adobe, Autodesk, Salesforce, and Veeva Systems, which he sees as unfairly punished by the AI narrative. This creates a complete long-short hedge portfolio betting on an "AI bubble repricing." Burry's thesis is that AI infrastructure is overbuilt, comparing Nvidia to Cisco during the dot-com bubble. He argues major cloud providers are extending GPU depreciation schedules to inflate profits and that demand projections are overly optimistic. While his Palantir short is currently profitable, his Nvidia puts are deeply underwater as the stock nears all-time highs. He remains undeterred, believing a market correction will see overvalued AI beneficiaries fall and oversold "AI loser" stocks rebound.

marsbit05/11 03:11

"The Big Short" Prototype Doubles Down on AI Crash Bets: Continues Shorting NVIDIA, Palantir, While Buying Software Stocks

marsbit05/11 03:11

The "Big Short" Prototype Makes a Major Bet: Shorting Nvidia, Going Long on Software Stocks 'Scared Away' by AI

'The Big Short' Legend Michael Burry Doubles Down on AI Bet: Shorts Nvidia, Buys Beaten-Down Software Stocks As the Nasdaq hits record highs and Nvidia's market cap nears $5.3 trillion, Michael Burry—famed for his 2008 subprime mortgage bet—is making a major contrarian move. He is significantly expanding his bearish wagers against the AI frenzy while buying traditional software stocks he believes have been unfairly punished. Burry's latest portfolio adjustments, revealed in his Substack column, include maintaining and increasing put options on Nvidia and Palantir. He has also initiated new short positions on Palantir and expanded bearish bets on the semiconductor ETF (SOXX), the Nasdaq 100 ETF (QQQ), and Oracle. Simultaneously, he is buying shares of software companies like Adobe, Autodesk, Salesforce, and Veeva Systems. He argues these stocks have been sold off due to "AI disruption" fears and technical selling pressure from private credit funds, not deteriorating fundamentals. Their valuations have fallen to multi-year lows. This creates a complete hedge: short the perceived "AI winners" and long the oversold "AI losers." Burry believes the current AI infrastructure spending boom mirrors the late-1990s internet bubble, with inflated demand projections and questionable accounting practices by large cloud customers extending GPU depreciation schedules. While his Palantir short is currently profitable, his Nvidia put options are deeply underwater as the stock trades near all-time highs. Burry remains steadfast, comparing Nvidia to Cisco during the dot-com era. He anticipates a broad repricing of the AI bubble, where overvalued beneficiaries fall and unfairly battered companies rebound.

marsbit05/10 03:06

The "Big Short" Prototype Makes a Major Bet: Shorting Nvidia, Going Long on Software Stocks 'Scared Away' by AI

marsbit05/10 03:06

‘The Big Short’ Prototype Doubles Down on AI Crash Bets: Continues Shorting Nvidia and Palantir, While Buying Software Stocks

Michael Burry, the investor made famous by "The Big Short" for betting against the subprime mortgage bubble, is now building a comprehensive portfolio to bet against the AI rally. He maintains and has increased his bearish bets on AI beneficiaries Nvidia and Palantir, while expanding his short positions to include semiconductor ETF SOXX, Nasdaq 100 ETF QQQ, and Oracle. Concurrently, he is buying shares of traditional software companies like Adobe, Autodesk, Salesforce, and Veeva Systems, which have seen their prices decline amid the AI frenzy. Burry's core thesis is that an "AI infrastructure overbuild" is creating a bubble, drawing parallels to the dot-com era. He argues that major cloud customers are extending GPU depreciation schedules to inflate profits and that current capital expenditures are based on overly optimistic demand forecasts. While his short on Palantir is currently profitable, his Nvidia put options are underwater as the stock nears all-time highs. The combination of shorting high-flying AI stocks and buying depressed "AI victim" stocks forms a market-neutral hedge. Burry is betting that a repricing of the AI narrative will punish the former group while benefiting the latter.

marsbit05/09 06:48

‘The Big Short’ Prototype Doubles Down on AI Crash Bets: Continues Shorting Nvidia and Palantir, While Buying Software Stocks

marsbit05/09 06:48

Why Are Gold, U.S. Stocks, and Bitcoin All Falling?

Amid seemingly strong U.S. economic data, a broad-based sell-off hit global assets—from U.S. stocks and gold to commodities and cryptocurrencies—triggering market-wide panic. While surface-level factors like Middle East tensions and Trump’s comments on a weaker dollar contributed, the core issue lies deeper. The real driver appears to be a shift in market narrative and liquidity stress. The MAG7 tech stocks, which led the rally since May 2023, are facing skepticism over their high capital expenditures and stretched valuations. Meanwhile, banking system liquidity remains tight, with the spread between SOFR and IORB indicating strain, reducing the Fed’s flexibility for quantitative tightening. This has amplified a macro liquidity crunch, reminiscent of the March 2020 “312” crash, where investors dumped risk assets for cash. Unlike the May 2021 “519” crash—which was crypto-specific—this downturn is driven by systemic risk aversion and deleveraging. The AI investment theme is losing steam, and long-term bond yields are signaling concerns over fiscal sustainability. Cryptocurrencies, as high-risk assets, are among the first to be sold off. The current environment may present a recalibration opportunity, but survival depends on maintaining liquidity amid the volatility.

marsbit02/05 16:34

Why Are Gold, U.S. Stocks, and Bitcoin All Falling?

marsbit02/05 16:34

The Biggest Trading Theme of 2026: A Trump Who Can't Afford to Lose, The End of the International Order

In 2026, global markets face a paradigm shift driven by President Trump's political survival strategy ahead of the midterm elections. Facing a 20-point polling deficit, his administration is adopting aggressive deflationary measures—particularly by controlling energy resources to slash oil prices to $2.25 per gallon—to win the "affordability debate" and secure voter support. This includes leveraging Venezuela’s oil reserves, potentially crashing crude prices to $40–50, and undermining OPEC’s influence. Concurrently, Trump may deploy fiscal stimulus via "tariff rebates" of $2,000 for lower-income households, boosting consumer staples and reversing K-shaped economic trends. Geopolitically, these actions signal the end of the rules-based international order, elevating gold as a hedge and benefiting defense stocks, while emerging markets face heightened risk. The largest threat remains an AI-driven stock bubble; a 20–30% market correction could trigger recession and fiscal crisis, jeopardizing Trump’s re-election.

marsbit01/12 02:08

The Biggest Trading Theme of 2026: A Trump Who Can't Afford to Lose, The End of the International Order

marsbit01/12 02:08

Dalio's Annual Analysis: AI is in the Early Stages of a Bubble, Beware of These Risks in 2026

In his annual reflection, Bridgewater founder Ray Dalio analyzes key market dynamics of 2025, emphasizing that currency devaluation—not U.S. equities—was the year's dominant story. The dollar fell significantly against gold (39%), the euro (12%), and other major currencies, making gold the best-performing asset with a 65% return in dollar terms. U.S. stocks returned 18% in dollars but declined 28% when measured in gold. Dalio notes a major shift in asset allocation away from U.S. markets, with non-U.S. equities (especially in Europe, China, and emerging markets) outperforming U.S. stocks. He highlights stretched valuations, low expected equity returns (4.7%), and compressed risk premiums as warning signs. Political and geopolitical factors—including U.S. domestic policies, wealth inequality, and a shift toward unilateralism—drove market behavior, boosting gold demand and reducing appetite for dollar assets. Regarding AI, Dalio states it is in the "early stages of a bubble." He warns of debt refinancing risks, potential Fed easing inflating bubbles further, and stresses the importance of currency-hedged strategies. The interplay of monetary, political, geopolitical, and technological forces will continue shaping the macro landscape in line with his "Big Cycle" framework.

比推01/05 21:48

Dalio's Annual Analysis: AI is in the Early Stages of a Bubble, Beware of These Risks in 2026

比推01/05 21:48

Tether CEO says AI bubble is Bitcoin’s biggest risk in 2026

Tether CEO Paolo Ardoino warns that the biggest risk to Bitcoin in 2026 could be a potential AI bubble. He expressed concern that Bitcoin remains too correlated with traditional capital markets, making it vulnerable if the current AI investment boom leads to a stock market downturn. Ardoino believes that excessive spending on AI infrastructure and data centers could create a market bubble. If sentiment shifts in 2026, the resulting turmoil could negatively impact Bitcoin's price. However, he also noted that increased adoption by pension funds and governments may prevent the sharp 80% corrections seen in previous cycles. While bullish on Bitcoin and real-world asset tokenization, Ardoino is pessimistic about crypto innovation in Europe, criticizing its regulatory approach, and is skeptical of companies that function solely as digital asset treasuries without strong operational businesses.

cointelegraph12/18 15:02

Tether CEO says AI bubble is Bitcoin’s biggest risk in 2026

cointelegraph12/18 15:02

From the 'Babson Break' to AI and Meme Coins: A Global Bubble Driven by FOMO Is Taking Shape

The article draws a parallel between the 1929 "Babson Break" and current warnings about an AI bubble, suggesting a global FOMO-driven speculative mania is forming across multiple asset classes. It highlights concerns over unsustainable valuations in AI tech companies, where massive data center investments (projected near $1.6 trillion annually by 2030) are fueled by hype around unproven AGI capabilities. Beyond AI, bubbles are identified in gold, government bonds, private credit (dubbed "crap loans"), and particularly meme coins like TRUMP and MELANIA, which saw values plummet over 88%. The author argues speculative frenzy is amplified by social media, creating a global "attention economy" where collective obsession—from AI to pop culture trends—drives synchronized global market movements. While tech giants may withstand the AI investment rush, risky leverage by newer players and opaque financing structures (like SPVs buying Nvidia chips) raise systemic concerns. Experts warn that a collapse in AI or crypto could trigger a global crisis, emphasizing that productive eras historically follow only after speculative excesses are disciplined by regulation.

marsbit12/18 13:38

From the 'Babson Break' to AI and Meme Coins: A Global Bubble Driven by FOMO Is Taking Shape

marsbit12/18 13:38

Bridgewater Fund: Global Economy 'In Peril' Over Next Two Years, Don't Rush to Exit AI Due to High Valuations

Bridgewater founder Ray Dalio warns the global economy faces a dangerous one-to-two-year period due to overlapping debt, political conflict, and geopolitical cycles. He cautions that structural pressures are emerging in private equity, venture capital, and debt refinancing. Despite identifying an AI bubble similar to the 2000 tech bubble, Dalio advises against exiting AI investments solely due to high valuations. Instead, he urges investors to watch for real catalysts like monetary tightening or forced asset sales. He also highlights risks in commercial real estate and leveraged private markets. Simultaneously, Dalio points to the Middle East, particularly the UAE, as an emerging global AI hub—calling it a "Silicon Valley for capitalists"—driven by sovereign capital, talent inflow, and strategic national investments.

marsbit12/09 02:38

Bridgewater Fund: Global Economy 'In Peril' Over Next Two Years, Don't Rush to Exit AI Due to High Valuations

marsbit12/09 02:38

活动图片

Industry News

Bitcoin