Hey, I'm Kramer.

Hey, I'm Kramer.

Welcome to mad money.

Welcome to Kramer.

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If you listen to the conventional wisdom, the hyperscalers, whatever that means already,

have spent too much money on data centers and are now in the, if you build it, they will

come mode, which tends to be a bad business strategy.

Most people seem to assume that these incredibly large investments are just lighting money on fire.

We're told history will repeat itself.

2,000 beckons, the year of investing dangerously, and the NASDAQ will implode just like it did at the end of the dot-com era.

The House of Payne.

Some days are more like this one, though, where the Dow advances 69 points, S&B climbs 0.26% and NASDAQ

gains 0.48%, but many other days are spent bemoaning all the money being wasted by Amazon, Meta, Microsoft, Tesla, and Alphabet.

They're mystified by where the privately held open AI will find the $30 billion a year that it now owes Oracle.

They think we're in the borrowed money phase of the AI bubble, exactly what happened in 2000, and that's the end of the line.

It is all downhill from here.

All this contempt for the AI data center build out, the pessimistic, the justuatedness, is extraordinary, given the firepower and brainspine, the companies that are leading it.

These are some of the smartest people in the world.

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