Deep Dive: Are We Living Through Another Historical Bubble — or Is AI Truly Changing the World for Good?

Lately, a question has started echoing across markets:
Are we watching a genuine technological revolution—or just a trillion-dollar illusion of one?

Everywhere you look, money is moving in circles. NVIDIA sells GPUs to OpenAI.
OpenAI pays Microsoft and Oracle for compute. Oracle reinvests in more NVIDIA chips.
Then NVIDIA’s stock soars, funding more capex that fuels more OpenAI demand.

Round and round the flywheel spins—until someone asks the uncomfortable question:
Is this value creation, or just capital recycling?

Recently, that loop expanded. AMD joined the supply chain, SoftBank pledged billions for Asian data centers, and Broadcom signed up to fabricate AI chips for 2026 delivery.
Each deal feeds the same network, pushing valuations higher on both ends.
It’s a brilliant ecosystem—but it also looks like an infinite money loop.

So are we looking at the next internet-scale revolution—or a self-referential bubble inflated by corporate partnerships and index-fund liquidity?

The answer isn’t simple.
It might be both.