Endless AI loop??? Nvidia invests $100 billion in OpenAI, coincidentally, OpenAI just placed a $300 billion order with Oracle for cloud resources, and Oracle turns around to buy computing power from Nvidia. The funds flow around and eventually return to Nvidia. Every day brings new surprises and exaggerated investment figures. The bubble can keep inflating, and it seems like it won't burst no matter how far this goes—this is truly unprecedented.

Funds are clearly concentrated in tech stocks, especially AI, but this perfect cycle of capital and computing power isn't something every chip designer can replicate. Yet, stock prices have already surged in anticipation, though many companies can't keep up. Broadcom and Amazon closed lower last night—or are they creating their own cycle too? Right now, AI can only rely on daily surprises to keep stock prices rising, but trading volume hasn't shown meaningful expansion. Excluding last Friday's quadruple witching volume, tech stocks and the S&P 500 still saw relatively lower volume last night. Here, we can only wait for a clear reversal signal and confirmation of a downtrend before positioning for shorts. The risk of chasing long positions keeps increasing. The bubble seems endless with no turning point, but the more it goes on, the faster the risk emerges once this capital can't sustain healthy rotation.