The Current AI Cycle Is Nearing Its Peak

I'm sure by now everyone’s seen the news.

Jensen Huang just signed an MOU with the top six Wall Street banks. The game is basically over.

Since somebody is doomed to hold the bag and take the hit, why not let the suckers foot the bill?

Neither Nvidia nor Wall Street wants to be left with the tab or step on the landmine, so they rolled out this whole "compute financing platform."

Borrowing against something as abstract as compute power is just pitching an "opportunity" to the FOMO crowd—the ones who missed the 2025–2026 AI wave and are getting desperate.

But are there really marks out there stupid enough to jump in at this stage? Even Nvidia and Wall Street aren't sure. That’s why it’s just an MOU, not a binding contract.

It reminds me of a line from the I Ching: "Tread on frost, and solid ice is right around the corner."

In other words: the second the first warning signs show up, the storm is already locking into place.

Both sides know damn well that with leverage dialed up this high, there's no way future AI revenue can ever cover the costs, let alone unwind the debt.

So if the ship is going down anyway, why not drag as many people on board as possible? We all drown together.

The absolute best-case scenario? Everyone else bites the dust, but you survive. Most of the companies that made it out alive from the 2000 dot-com crash are still around today.

Nvidia refusing to fully guarantee OpenAI's new compute center was them securing their own escape hatch.

The core players are already heading for the exits. Now let's see which suckers line up to catch the falling knives. Grab your popcorn.