Hartnett: The AI Bubble "Watch Out" Metric Just Snapped

I took a month for the market to catch up.

Exactly one month ago, we reported that "AI Is Now A Debt Bubble Too, Quietly Surpassing All Banks To Become The Largest Sector In The Market", highlighting what we have said since the summer, namely that very soon hyperscalar would run out of organic cash flow to fund their massive capex expansion plans and would need to resort to over a trillion dollars in new debt issuance (including $800 billion in private credit).