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The US stock market hit a new all-time high.
Many people say it's hype, and that it will crash soon.
But one thing is true: where the money goes, the stock prices follow.
Globally, the top 50 tech companies have invested over $300 billion in AI infrastructure this year.
This money has flowed into NVIDIA's GPUs, Microsoft's cloud, and Amazon's servers.
Orders, revenue, and cash flow are all reflected in their financial reports.
In 2000, during the internet bubble, companies had dreams but no revenue.
Now it's different; NVIDIA's data center revenue has increased over 200% year-over-year, and this is the result of real deliveries.
I've always believed that bubbles exist, but the components of a bubble and a bubble itself are two different things.
Short-term rises and falls are unpredictable, but if AI is truly reshaping productivity across industries, today's all-time highs might just be the beginning.
What did people who thought Apple’s $300 billion market cap was too high in 2010 think later?