Roger McNamee says $1.4T spent on AI that will never be general purpose.
Big tech firms fight for same 2 spots with same tech.
No moat means most will lose big.
Fund managers hold lowest cash in history per BofA.
59% of S&P tech stocks already down 20%+ from peaks.
Handful of AI names carry the whole index higher.
🚨 Early $GOOGL & $META investor Roger McNamee:
“AI is not a small bubble. It’s a humongous bubble.”
“$1.4T has already been spent trying to build a general-purpose technology, which will never happen.”
“OpenAI, Anthropic, Meta, Google, Microsoft, Amazon & SpaceX are all… pic.twitter.com/kxJzt4ja7B
— Noah (@antibearthesis) July 7, 2026
Citi Says Squeezes Coming, Not Mass Selling
“Global equity positioning remains broadly supportive, but Citi said regional divergences are becoming more pronounced, with short squeeze risks outweighing the prospect of broad-based investor de-risking.
In the U.S., Citi said… pic.twitter.com/5cKKhRTyui
— kristen shaughnessy (@kshaughnessy2) July 7, 2026
Fund Managers are now sitting on the lowest cash allocation in history 🚨 pic.twitter.com/fYLQ6Ev2Vu
— Barchart (@Barchart) July 7, 2026
THE US TECH RALLY IS HIDING SOMETHING VERY DANGEROUS.
The S&P 500 tech index is near all time highs. If you think this rally is healthy, you are wrong.
59% of the stocks inside that index are already down more than 20% from their peaks.
If you are holding a tech ETF right… pic.twitter.com/eWwl1udrY5
— Bull Theory (@BullTheoryio) July 7, 2026