Lead idea
Circular financing as an AI ecosystem risk
The discussion framed circular financing - where hyperscalers' revenues are recycled through investments in each other - as a key risk to the sustainability of the AI-driven earnings growth. Argued on Prof G Markets’s “Why The S&P Just Hit A Record High — Despite Soaring Yields”, aired 7 October 2026. The example given was Amazon's gains from its investment in Anthropic, which also buys Amazon's chips.
John Mowrey · PROF G MARKETS · “Why The S&P Just Hit A Record High — Despite Soaring Yields” · 2W AGO