Every hedge fund and every pension fund in the world wants some exposure to AI, as it is widely believed to be the next big thing. What happens when everybody i

Every hedge fund and every pension fund in the world wants some exposure to AI, as it is widely believed to be the next big thing. What happens when everybody is buying NVIDIA and Super Micro? Right. Instead of thinking in terms of speculation think in terms of money flows. A lot of money flowing into a handful of stocks results in an explosive move up. There is plenty of speculation as well, of course, but that isn't why AI stocks are up. When will NVDA and SMCI go down? When all the big funds become sellers. But what else can they buy? INTC and AMD don't have competitive chips or software.