> corporate cash flow rather than speculative debt.
except that this doesn't quite add up IMHO
1. we have the current _speculation_ on an explosive need of both more data centers and energy if AI has a break through. This investments are mostly not from the big tech but VC/higher risk investment soured.
2. VC isn't always just private equity, I have seen enough rent founds, banks and similar acting as VC investors. Sure mostly by proxy, but they are doing that anyway.
3. 1st point also involves a lot of loans handled and resold by banks...
4. even with out all this a lot of founds are based on S&P 100 and similar. If the AI bubble goes pop before it's filled with enough magnetizable value a lot of the companies in there will lose a non negligible amount of valuation, which will have shock waves across much more then just "big companies".
except that this doesn't quite add up IMHO
1. we have the current _speculation_ on an explosive need of both more data centers and energy if AI has a break through. This investments are mostly not from the big tech but VC/higher risk investment soured.
2. VC isn't always just private equity, I have seen enough rent founds, banks and similar acting as VC investors. Sure mostly by proxy, but they are doing that anyway.
3. 1st point also involves a lot of loans handled and resold by banks...
4. even with out all this a lot of founds are based on S&P 100 and similar. If the AI bubble goes pop before it's filled with enough magnetizable value a lot of the companies in there will lose a non negligible amount of valuation, which will have shock waves across much more then just "big companies".