Investor Warns of ‘Insanely High’ AI Valuations as OpenAI Cuts Fundraising Target

Bullish Gator

David Bahnsen warns of ‘insanely high’ AI valuations after OpenAI trims fundraising to $20B, citing massive computing costs; discusses tech stock rotation and picks like Domino’s and Morgan Stanley.

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What stands out

The guest, David Bahnsen, warns that AI company valuations look "insanely high" after OpenAI trimmed a fundraising target to $20B, and he links that cut to massive computing costs that could pressure returns across the sector. He uses that point to justify moving capital into non-AI names such as Domino's and Morgan Stanley, which makes the clip notable because it pairs a macro critique of AI economics with specific stock-level allocation moves.