US stock market is most overvalued in over 100 Years. AI giants are burning cash to stay in the race

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Alphabet is offloading $80 billion in stock to feed the voracious appetite of AI
The shift from profit-taking to capital-raising is a signal of desperate expansion
Hardware costs have decoupled from potential revenue growth by a factor of 10
Data centers are becoming a bottomless pit for institutional balance sheets
If the next quarterly cycle fails to deliver, the valuation bubble will pop
The race is no longer about innovation; it is about survival of the infrastructure
They are betting the company’s future on the belief that demand will never end

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