Hello, fellow Robo Capitals, hope you're well. So we have a brand new hedge fund manager coming out and talking about the AI bubble, which begs the question, could this be the next dot com blowup?

Now, I know what a lot of you are saying right now. George, no, it's not because all these great companies, they have massive amounts of earnings. Yeah, but their earnings are just going around in a circle, number one.

And number two, it doesn't mean that the revenue they are creating, even with the circle

jerking, if you want to call it that, equals the, or justifies the amount they have to spend and that so let's we got to think this one

through here and let's go first into an article from Bloomberg talking about a recent interview

with David Einhorn and he outlines the math and the math just doesn't work. It doesn't work. And then you have to also

ask the question, okay, with this S&P 500 being a weighted index, well, if Nvidia is 8% of the S&P,

and if that goes down, then what happens to the S&P, what percentage of the S&Ps gains this year actually come from Nvidia, which is possibly a ticking time bomb?

And by the way, for the viewers right now, quick trivia question, do you know who replaced Enron in the S&P 500?

Josh, do you know this one? I do not. Who do you think, give it a guess? Who do you think

replaced Enron in the S&P 500 when they blew up in 2001? I have no, like an oil company?

That would be Nvidia.

Oh, really?

So, just in case you were wondering, the person who is in control of the simulation

we are all living in definitely has a sense of humor.

So that's good, but you just can't make this stuff up, can you?

All right. Let's go over to this article on this Einhorn interview, sounds warning on the AI

spending splurge. And basically, what's happening here, if I could give you an analogy, it would be like someone

graduated from college, or excuse me, graduating from high school and going into college,

taking some sort of studying something that might give them, let's just say a job that pays $100,000

when they get out of school. But what they're doing is they're spending $1 billion on that

college education that's going to get them a job that pays them $100,000 a year. That's,

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