AI Is Worse Than The Dot Com Bubble: Part Four
Better Offline
Cool Zone Media and iHeartPodcasts
4.6 • 687 Ratings
🗓️ 30 January 2026
⏱️ 12 minutes
🧾️ Download transcript
Summary
In the final part of this week’s Dot Com Bubble series, Ed Zitron walks you through to the logical endpoints of his arguments about the AI bubble - a 40%-90% collapse of NVIDIA’s revenues, tens of billions of dollars of impairments for hyperscalers, an existential contraction in venture capital, the near-collapse of Oracle, and $200 billion or more in unpaid data center debt.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.5 | Guaranteed human. |
| 0:06.7 | Call zone media. |
| 0:09.3 | Hello and welcome to Bear Offline. |
| 0:11.4 | I'm your host at Zittron. Today is the final part of Bubble Week and our four-part.com bubble special. |
| 0:29.3 | I am warringly invested in this show. |
| 0:31.6 | I put so many hours into it, this is the most I've done in the January. |
| 0:35.3 | I'm having the time of my fucking life. |
| 0:39.0 | But this four part has been rough, and it's not been rough for the recording. It's rough because every time I |
| 0:43.1 | go over these details, they fill me full of anxiety. I don't enjoy being right here. Sure, |
| 0:49.9 | I get the satisfaction. Sure, I get the clicks and all that. but like, it, it sucks. It sucks. I'm, |
| 0:57.5 | I'm really fucking worried. I'm not doing this to be contrary, and I'm seeing these things, |
| 1:02.6 | and I'm worried more people aren't seeing them, and I'm worried that the after effects will be |
| 1:06.7 | so much worse than the dot-com bubble. So, this four part was somewhat drawn from a premium piece I did a few weeks ago called |
| 1:14.8 | Inventively, this is worse than the dot-com bubble. |
| 1:17.3 | I really suggest you subscribe to my premium newsletter or be in there, but if you don't, |
| 1:21.8 | I've had a little mustard on it and truncated it for this because it needed to be different |
| 1:26.4 | in voice. |
| 1:27.1 | Nevertheless, you should subscribe. |
| 1:29.1 | But when I was writing that, I actually went into it trying to prove myself wrong. I spent hours and |
| 1:35.4 | hours reading old articles through broken paywalls and archive.org links in the hopes that I'd find |
| 1:40.4 | some sort of positive spin, a way that the AI bubble wasn't as bad, some sliver or |
... |
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