There’s no question the AI boom resembles the dotcom bubble but at what point in the cycle is $SPY?

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WARNING: SOMETHING VERY BAD IS HAPPENING RIGHT NOW!!

The stock market keeps pushing to new all-time highs.

Nvidia is leading the charge.

But almost nobody is paying attention to the real problem.

A huge AI bubble is inflating at incredible speed and about to pop.

This has happened before.

2000: Cisco was the “god of the internet” with routers, switches, infrastructure.

The stock crashed 90% and never fully recovered.

Today: Nvidia is the “god of AI” with chips, data centers, infrastructure.

Same role. Same script. But the risk is much bigger.

Let me explain why.

This time, concentration is extreme. The “Magnificent 7” make up 30% of the S&P 500. If AI falls, the whole index falls.

Big Tech CapEx is exploding. $650 billion only in 2026.

But where is the ROI? Nobody knows.

If Google and Microsoft don’t show real profits, they will cut orders.

Then Nvidia collapses. Then the whole index follows.

Japan, holding trillions in U.S. Treasuries, is about to hike rates.

When they sell, global liquidity evaporates.

Risk assets get crushed first.

This is not 2000.

This is 2000 with leverage, concentration, and a liquidity shock loading.

For the record, I’ve called every major turn for the last 10 years, including the $111K top in October.

Turn on notifications. When the AI bubble bursts, I’ll call it here publicly, like I always do.

We are getting closer day by day.

Capitulation is so close now.

It’s coiling. It’s bubbling.

Smart money exiting.

Retail throwing in their last dollars thinking this is time to buy because ‘’we are at ATH’’.

Stay safe. Wealth preservation. Profit from the downfall just as they would profit from the upside.

FTR (for the retards) this is a rising wedge. To the untrained eye this looks appealing. OPPOSITE.

Good luck, junkies. I’m short. And adding.

– Wynn

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