[mullingitover]

Every day another form of the Onion's Stock Market Invincible - "Buy buy buy! Experts advise" headline.

SpaceX's whole IPO is about them really being an AI play now (with some minor fun side hustles), except their AI strategy is just them buying and leasing a lot of depreciating nVidia hardware. The hardware is getting more expensive, the costs of operating it will increase, and the value of the tokens will drop.

All this in an environment where voters are freakishly united on loathing of new data center buildout.