Nvidia falls 9%, AMD plunges 17%! Has the AI bubble finally burst? Wall Street suddenly realizes: Burning money is easy; making money is hard!

If there was one belief that defined U.S. stocks over the past two years, it was AI. Any company with a connection to artificial intelligence seemed to come with its own rocket engine. But on Thursday, the market suddenly turned: the Nasdaq plunged 5.5%, AMD tumbled 17%, and Nvidia fell more than 9%. Investors are finally asking the million-dollar question: When will AI actually start making enough money?

The problem isn’t that AI lacks potential, but that the market had already packed years of rosy expectations into today’s stock prices. Tech giants like Microsoft, Google, and Meta continue to pour huge sums into data centers, but the payback period, financing costs, and actual demand are becoming new challenges.

More troubling, shifts in the U.S. political landscape could bring uncertainty around data center permits and construction regulations. Chip demand doesn’t come out of thin air: if data center construction slows, the entire AI supply chain could be affected.

I’m more inclined to think this isn’t the end of the AI industry, but a major test of the AI investment thesis. The market may no longer reward every company telling an AI story, and instead favor businesses with orders, profits, and cash flow.

At the end of the day, AI may be smart, but investors’ wallets don’t like stories. The next round of winners probably won’t be the best storytellers, but the ones that can actually make money! #每周来晒 and #美股史诗级抛售