A Former CIA Advisor Says This Tech Boom Is Already Bigger Than the Internet Ever Was

Financial researcher Jim Rickards warns that the $5 trillion AI data center buildout in the U.S. may mirror the dot-com bubble, with companies creating circular revenue streams through chip and cloud capacity sales. Unlike the internet boom, AI faces physical and energy constraints, with experts suggesting diminishing returns on compute investments. Rickards highlights July 29th Meta earnings as a potential turning point, comparing it to March 2000 when a Barron's article triggered the Nasdaq's 80% decline.