Are AI Stocks like Tesla and Nvidia in a GIANT Bubble?
Overall Thesis
AI is not a bubble like tulips or even like the internet; Nvidia and OpenAI sit at the core of humanity's new super-brain being connected by startups like Lovable, and 2026 will start an exponential AGI revolution that makes current valuations look cheap.
Narratives
Tesla should be in the middle of the AI circle picture but is ignored by mainstream media like Doomberg.
Key Arguments
- Tesla is central to the AGI revolution but overlooked by mainstream.
- AGI connects to real economic demand via robotics and autonomy.
Nvidia sits at the center of humanity's new super-brain with real revenues driven by real demand, not an incestuous bubble; the startup layer around Nvidia connects the AI engine to the rest of the economy.
Key Arguments
- Nvidia is at 4.5T market cap as the core of AI revolution.
- Startups like Lovable connect the core AI engine to the rest of the economy.
- AI demand is real and accelerating exponentially unlike internet bubble.
- Circular relationships are misinterpreted as incestuous but are actually the super brain being built.
OpenAI at $500B is a core AI company participating in deals that create real infrastructure, not a bubble.
Key Arguments
- OpenAI makes deals with AMD, Nvidia that build real compute infrastructure.
- Core AI company at $500B valuation.
AMD is part of the real AI infrastructure buildout, going up 29% after OpenAI 10% equity deal with commitment for 6GW of chips.
Key Arguments
- AMD rallied 29% on the OpenAI deal.
- Real chip supply commitment for 6 gigawatts.