AI end companies (Cursor, Replit, Lovable.dev, ...) have to pay more that they earn to AI providers (Anthropic, OpenAI), which in turn have to pay more than they earn to hyperscales (Microsoft, Google, Amazon, ...) which in turn pay more than they earn to data centers (CoreWeave ...) which in turn pay more than they earn to hardware supplier, particurally NVIDIA

leading to AI bubble