Eventually this AI/tech/memory/semis rally HAS to end.

DRAM. SMH. Etc… I just - every time I open my phone it seems like SMH is up another $100 lmfao. Then I check dram, 10% here, 8% there. It’s fucking insanity. Personally I love easy money. Been a long time investor in SMH (not so much memory/dram). With that said, EVENTUALLY (idk when), this semiconductor AI boom HAS to end (in my humble opinion). I listen to A LOT of podcasts on AI and honestly there is no refuting that this isn’t sustainable. The capex isn’t sustainable which is funding the semis/memory, the revenue to profit ratio isn’t sustainable (openai, anthropic). If AI doesn’t show a ROI all this COLLAPSES. That is if in each earnings quarter and IPO (anthr, openai) if capex spending slows, or the filings show a massive loss to earnings ratio - this shit goes POOF - FAST, Like, FAST FAST. I’m a big listener to Ed Zitran (who leaked openai’s financials recently) and the man knows his shit. Beside from him, it just doesn’t seem like the tech is actually bringing in the revenue it needs to justify such crazy valuations we are seeing. This isn’t sustainable. Nor is it even profitable or that game changing in terms of profitability which is all that is gonna matter when the dust settles. Companies can trade at 150x forward earnings based on wishful thinking for a while but eventually the numbers are gonna present themselves and as soon as they show a chink in their armor, one quarter, two quarters, three quarters - these AI infrastructure stocks and memory stocks are going to be cut in HALF if not more.