Florida Governor Ron DeSantis is sounding the alarm about the artificial intelligence frenzy gripping Wall Street.
The tech industry is dumping billions into AI infrastructure while making zero profit.
And Ron DeSantis just broke with Trump on one issue that could tank the economy.
DeSantis warns AI bubble could trigger economic collapse
Governor Ron DeSantis stood before reporters in Crystal River and delivered a stark warning that caught everyone off guard.
The Magnificent Seven tech giants—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla—now control 35% of the stock market.¹
That's triple their share from just ten years ago, and DeSantis thinks it's a disaster waiting to happen.
"There's a lot of uncertainty because they're projecting, you know, profits on the back of this," DeSantis told reporters.²
https://twitter.com/CryptidPolitics/status/1991916045234569644?s=20
The problem isn't the technology itself.
The problem is companies are spending astronomical sums building AI infrastructure while failing to generate actual revenue.
OpenAI is the poster child for this insanity—the company behind ChatGPT posted $13 billion in revenues but reportedly lost $12 billion in a single quarter.³
Microsoft owns 32.5% of that money pit.
Meanwhile, tech companies are constructing data centers the size of Manhattan in Louisiana and elsewhere, betting everything on AI delivering future profits that may never materialize.
DeSantis put it bluntly: "They're spending all this money. The problem is, you know, something like OpenAI, they're not making a lot of money. I mean, they're not making any net profit."⁴
If AI fails to deliver the massive returns Wall Street expects, DeSantis warned the fallout won't stay contained to Silicon Valley.
"If that doesn't pan out, then they're going to start to see all kinds of shock waves go through the entire economy," DeSantis stated.⁵
The Governor's concerns aren't coming from nowhere.
Wall Street analysts are drawing comparisons to the dot-com bubble, with 45% of asset managers now identifying an "AI bubble" as the biggest tail risk to markets.⁶
https://twitter.com/tallytina27/status/1991397186404315347?s=20
The S&P 500's price-to-earnings ratio hit 36.7 in October 2025—nearly double its historical average.⁷
That's bubble territory by any measure.
DeSantis breaks with Trump over who should regulate AI
Here's where things get interesting for conservatives.
DeSantis isn't just worried about the economic risks—he's picking a fight with President Donald Trump over who gets to regulate this technology.
Trump wants to strip states of their power to regulate AI through federal preemption.
DeSantis called that approach "federal government overreach" and warned it amounts to "a subsidy to Big Tech."⁸
The President's draft executive order would establish an AI Litigation Task Force to challenge state laws and condition federal funding on states abandoning their AI regulations.⁹
DeSantis fired back on X, arguing that "stripping states of jurisdiction to regulate AI is a subsidy to Big Tech and will prevent states from protecting against online censorship of political speech, predatory applications that target children, violations of intellectual property rights and data center intrusions on power/water resources."¹⁰
https://twitter.com/RonDeSantis/status/1990850245832683816?s=20
This puts DeSantis in rare company—he's lined up alongside populist conservatives like Senator Josh Hawley and Arkansas Governor Sarah Huckabee Sanders who also oppose Trump's approach.
"The rise of AI is the most significant economic and cultural shift occurring at the moment; denying the people the ability to channel these technologies in a productive way via self-government constitutes federal government overreach and lets technology companies run wild," DeSantis added.¹¹
The Governor has been advocating for months that Florida needs its own AI regulatory framework.
He believes states should protect citizens from AI taking white-collar jobs, data centers sucking up massive amounts of energy at taxpayer expense, and tech companies censoring conservative speech.
DeSantis told an audience in Ocala that he views AI's potential to "undercut a lot of jobs, a lot of white-collar jobs" as deeply problematic.¹²
"I don't think that's a good thing. There's some people that think it is. I don't. It's one of the reasons that I don't think we should be subsidizing it. Why would we subsidize something that could potentially cause problems for folks?" DeSantis asked.¹³
https://twitter.com/ReOpenChris/status/1991912518718046291?s=20
The irony is rich.
Trump's team is pushing deregulation to help American AI companies compete globally, but DeSantis argues that approach just hands Silicon Valley a blank check to destroy American jobs and censor conservative voices.
The economic stakes couldn't be higher.
These seven companies now represent roughly $21.5 trillion in market value—about 16% of all global stocks.¹⁴
If DeSantis is right about the AI bubble, the crash won't just hurt tech investors.
It will devastate retirement accounts, pension funds, and the broader economy as trillions in paper wealth evaporates overnight.
The question isn't whether AI will transform society.
The question is whether we're setting up another 2008-style financial crisis by letting tech companies gamble with the entire economy's future.
And on that question, Ron DeSantis is saying what a lot of people are thinking but few politicians dare to admit.
¹ A.G. Gancarski, "Ron DeSantis repeats AI bubble warnings, questions sector's profitability," Florida Politics, November 21, 2025.
² Ibid.
³ Jim Edwards, "How an AI bubble could ruin the party," Fortune, November 19, 2025.
⁴ A.G. Gancarski, Florida Politics, November 21, 2025.
⁵ Ibid.
⁶ "Tech and Semiconductor Stocks Face Headwinds as 'AI Bubble' Fears Mount Amid Economic Uncertainty," FinancialContent, November 20, 2025.
⁷ Ibid.
⁸ Mica Soellner, "Donald Trump keeps up fight against state AI laws, despite bipartisan pushback," The Hill, November 21, 2025.
⁹ Makena Kelly, "Trump administration drafts an executive order to challenge state AI laws," NBC News, November 19, 2025.
¹⁰ Lora Kelley, "Trump renews effort to block states from regulating AI, raising alarms about safety," CNN Business, November 20, 2025.
¹¹ Ibid.
¹² Jeremiah Delgado, "Gov. DeSantis discusses AI replacing jobs during Ocala summit," WOGX, November 21, 2025.
¹³ Ibid.
¹⁴ Jim Edwards, Fortune, November 19, 2025.
