Apollo economist warns of painful AI repricing

Apollo's latest report is sounding the alarm on a massive pricing gap, and honestly, it's about time someone pointed out that the math isn't actually mathing right now. We’ve got these astronomical valuations for big tech acting like they’ve already conquered the world, while the actual revenue hitting the balance sheets from generative AI looks pretty pathetic in comparison (the ROI is basically a ghost at this point). It’s the classic productivity vs. pricing disconnect that always precedes a disaster. Microsoft and Google are burning through capital expenditure like it’s going out of style, but until they actually show some realized profit instead of just "massive potential," we’re basically just riding a wave of pure FOMO. I'm not saying the tech is a scam—it's clearly transformative—but the market is pricing in perfection while the actual business models are still catching up. If investors suddenly get a backbone and demand actual proof of profitability instead of just sniffing the hype, we are going to see some brutal volatility in every AI-linked stock on the board. The NVIDIA-led rally feels like it's running on fumes and prayers at this stage. Personally, I’m actually looking forward to the inevitable shakeout (it’ll finally kill off the shell companies just slapping "AI" on their landing pages to trick VCs) so we can see who is actually building indispensable infrastructure and who is just a glorified wrapper. Is this just a healthy correction or are we staring down the barrel of a full-blown bubble burst? Discuss.