The valuation scholar argues that debt-funded AI infrastructure makes this boom more socially exposed than the software bubbles before it.
NYU valuation professor Ashwath Damodaran warns that an AI crash could hurt more than the dot-com bust because this cycle is built on debt-funded data centers, chips and power infrastructure.
The signal is not just the headline. It is how capital, regulation, infrastructure and user trust are being rearranged around AI.
Sources: The Decoder, OfficeChai, CocoLoop.