Analysts warn that the artificial intelligence investment boom (the five major U.S. tech giants plan to invest $700 billion in capital expenditures this year) is triggering systemic risks reminiscent of past financial crises. The concern centers on whether AI infrastructure can generate enough cash flow to service the debt, much of which is held in opaque private credit instruments. The volatility of high-interest loans and cryptocurrencies has exacerbated this situation, raising fears of a chain reaction in the credit market following the burst of the AI bubble.