I am long Ai but is anyone worried about rise in circular and debt financing?

Buffett says “only when the tide goes out, do you discover who has been swimming naked”

As an apologetic believer in super intelligence, I think this is a highly investable area for the next 20 years. But most Reddit discussions are by momentum traders across the whole AI stack.

How concerned are you about a major correction across the entire stack and stocks that have been involved in both circular and debt financing?

If you have a hedging strategy, what is it? What sectors are you looking at? I’ve been contemplating healthcare, defense, materials, and consumer discretionary.