Subject: Re: Big Tech needs $1.5 trillion to fund the AI boom
Didn’t we see this in the real estate bubble?

I'm thinking the tech stock bubble in 99. Companies laid so much fibre, it took them years to get it all lit. Companies were ordering double, or triple, the number of chips they needed, in the hope that one of the orders would be delivered on time, because all the vendors were overbooked. The "wise" on the street were doing straight line projections of orders for chips and fibre, and confidently predicted everything will go to the moon.

I remember the short session the day after Thanksgiving, 2000, when Broadcom issued a warning. Vendor capacity had caught up with demand, so the redundant orders were being cancelled. I pretty much sold everything over the next six weeks, as everyone's order book collapsed.

Saline Township's council had a meeting a couple evenings ago. Township council is against DTE's AI server farm. The residents are against it. But the Township doesn't have the money to go toe to toe, in court, with the deep pocketed corporations. Meanwhile, the state AG is contesting DTE's plan to push ahead with the project, without public hearings.

Typical lazy management: jump on the latest bandwagon, thinking they will make easy money.

Steve...remembers Rat's "Broadband Bandwagon"