This week, the AI bubble outrunning the warnings.

Unless you're the most optimistic person on the planet, you know you're in a bubble, right?

There is no question you're in a bubble.

Google back on top.

I've never had more fun than right now.

And I think it's partly the pace.

It's partly the abilities these models give to kind of people who can imagine near use cases and products. It's

unparalleled. And the most underappreciated threat to the AI trade. The world is embracing

open source. It's not embracing, you can say like closed models, private models. Many people on the

market side and the West like investors traders, they don't really understand the threat of Huawei

because they don't even understand what threat of Huawei because they don't even

understand what the advantage of Nvidia is. I'm George Robosa with the take. This week, bubble fears did little to slow AI momentum. Dan Nile says Nvidia's blowout

earnings may have just saved Christmas. Google Flex Gemini 3, continuing its assent as AI's golden child.

And we talked to Aaron Jin, the GPU whisperer on the threat investors aren't

paying enough attention to, China. But first, some of the very people building AI are warning

of a bubble. What used to be confined to AI skeptics and Wall Street bears now being said out loud

by insiders. Alphabet CEO, Sarnabichai, going on the record about irrational exuberance,

the idea that expectations and valuations may be running ahead of real capability.

Given the potential of this technology, the excitement is very rational.

It's also true when we go through these investment cycles, you know, there are moments

we overshoot.

I think it's both rational and there are elements of irrationality through a moment like this.

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