Fuck AI

I reject with the premise.

For good reason, it feels that the only major discussion in markets is whether AI is in a bubble or whether it’s actually the early innings of a revolutionary phrase.

I think everyone knows that AI is over-hyped, and you can call that a bubble if you will.

The question which is unanswerable is how over hyped is it and when will the hype train stop or when will the bubble burst.

Everyone's pension fund is balls-deep in shares of the magnificent 7. It's the only game in town and you kinda can't afford not to be.

Suppose you decide the bubble is going to burst tomorrow, so you dispose of all your mag-7 shares and buy into renewables. Then maybe the bubble doesn't burst tomorrow, but in 2 years time, by which time everyone else who still has their mag-7 shares has doubled their value.