Market-cap growth has fallen from 169% to 41% to 16% in three years. Capex just outran the cash flow that funds it. This is what a pivot looks like from the inside.
Market-cap growth has fallen from 169% to 41% to 16% in three years. Capex just outran the cash flow that funds it. This is what a pivot looks like from the inside. Dorian - ZTrader.AI Research This is market commentary, not investment advice. Nothing here is a recommendation to buy or sell any security. Nvidia doubled its revenue last night. Its market value has grown at roughly one-sixth that pace over the past twelve months. The market bears are reading that spread as the top forming. It isn't — not yet. Read it correctly and it says something sharper: the AI boom isn't ending. But THERE IS NO DOUBT WE ARE REACHING THE PIVOT POINT OF THE AI BUBBLE. In this stage, we are seeing: There is still growth in the AI sector, but much slower. The growth rate becomes much slower and capital efficiency will become lower. The AI hyperscalers need to constantly beat estimates just to h
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