Why this analyst says the AI bubble is 17 times bigger than the dot-com bust | CNN Business

CNN interviews market analyst Julien Garran, who argues the AI investment bubble is 17 times larger than the dot-com bust, driven by massive misallocation of capital. Garran contends that the AI ecosystem — including data centers, LLM developers, and software companies — is heavily loss-making with no clear path to profitability, raising questions about the long-term economic sustainability of the data center construction boom. Useful for advocates making the case that data center expansion is driven by unsustainable financial speculation rather than proven economic value.