Stop Worrying About AI Chips. The Bond Market Will Pop the Bubble.
While the world obsesses over GPU shortages and AGI breakthroughs, the true threat to the AI sector is hiding in plain sight: the bond market. The AI boom is heavily financed by borrowed money, and as interest rates rise, lenders are repricing that debt. This isn’t just a tech correction; it’s a macroeconomic liquidity squeeze waiting to happen.