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The Circular Nature of the AI Bubble – Swamponomics

AMD, Intel, Nvidia, OpenAI, and back to AMD.

PublishedOct 23, 2025

Is the artificial intelligence (AI) market in a bubble? If not, it is certainly circular.

Alexander Hamilton James Madison
Free with the Daily Briefing 85Essays Unravel the Constitution

About the Author

Andrew Moran

Andrew Moran

Economics Editor

Economics Editor at LibertyNation.com. Andrew has written extensively on economics, business, and political subjects for the last decade. He also writes about economics at The Epoch Times and financial markets at FX Daily Report. He is the author of “The War on Cash.” You can learn more at AndrewMoran.net.
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