The AI companies are invested in the fabs, and the fabs are invested in the AI companies. The banks all are seeing their debts being wiped out and the circular economy is working.
It will never end. This is the response to inflation and everything is going to soon explode and the dollar is about to be more like the JPY.
And everyone in tech knows this isn’t organic, Zen5 was decent but not insane, Zen 6 is bordering late, RDNA4 APUs aren’t a thing for at least another year and the only product that could possibly be driving this hype is Instinct. Hyperscaler’s are the dominant force and its entirely due to financial horsepower. All of the banks are either being directed by world governments or its just coincidence, but there is a ton of money being made in the AI rush and the customers aren’t just throwing cash into the void. They keep investing and pumping stocks not because of hype, they’re actually getting product back.
People like to think of it as a bubble but its not that case, there are real returns creating this shift in the industry.