AI bubble cracking as big tech renting out AI infrastructure proves they overspent

With not just SpaceX but now also Meta and others renting out their AI data center capacity, it is becoming pretty obvious those companies have all massively overspent on AI capex.

Them renting out their infrastructure is not some kinda smart business move but an act of desperation to pump their balance sheets. None of this creates real profits from AI. These are circular deals leading nowhere.

Let's see what kinda excuses all those companies will try to spin at their next earnings call but it's pretty obvious the cracks are starting to show on this kinda swindling.