Feeling a sense of impending doom due to these facts about AI:
\- AI is driving a significant portion of growth in the S&P500 and NASDAQ valuations, but not necessarily earnings: [https://www.derekthompson.org/p/how-ai-conquered-the-us-economy-a](https://www.derekthompson.org/p/how-ai-conquered-the-us-economy-a)
\- AI earnings are quite poor. OpenAI is not profitable and companies that are branching into AI development don't have a profitable AI dept. : [https://hbr.org/2025/11/ai-companies-dont-have-a-profitable-business-model-does-that-matter](https://hbr.org/2025/11/ai-companies-dont-have-a-profitable-business-model-does-that-matter)
\- The biggest financial movements in the last several months are the same couple companies passing large amounts of money back and forth for AI development: [https://www.youtube.com/watch?v=Q0TpWitfxPk](https://www.youtube.com/watch?v=Q0TpWitfxPk)
\- AI itself, as in Generative AI, has been a mixed bag, IMO. Certain LLMs have become very useful and even ubiquitous, while AI art has been controversial at best, and data centers are mounting concerns around their costs being deflected onto people who are unlucky enough to live near them, plus environmental concerns and their costs being hidden from capex.
I am not saying that there is 100% a bubble but this does seem like very real evidence of one. Thoughts?
