David Woo: AI Bubble Threatens Dollar More Than Iran Deal

David Woo argued the US-Iran interim deal marks America's biggest strategic defeat since Vietnam, representing total capitulation that erodes global credibility and signals the end of US hegemony. He stressed investors are overlooking the real dollar threat: the fragile AI boom propping up the currency through demand for Nvidia chips and models from OpenAI. Woo warned that if the AI bubble bursts, "the dollar's toast," citing falling capex among top hyperscalers and tightening US export curbs on advanced models. Cheaper Chinese rivals are also eroding margins, he noted, questioning lofty valuations ahead of big IPOs. Gold climbed to around 4,339 dollars an ounce with central banks buying 863 tonnes in 2025. Woo views the recent dip as a buying chance for long-term holders and forecasts prices reaching 10,000 dollars should AI unravel, triggering recession and zero rates.