Mar. 2 at 1:13 AM
$SPY In our latest research piece we take a look at why the AI trade has stalled, and where the trade may go next, with a full thesis on a speculative 10x+ bet we are adding to our portfolio.
With questions about the capex cycle being posed for both the hyperscalers
$AMZN $MSFT Google, Meta, etc… as well as the receivers such as
$NVDA markets are simply treading water.
One side has investors reluctant to buy given FCF being annihilated for investing into the AI buildout.
On the other hand, investors are reluctant as they don’t know how long semis can sustain this demand as eventually data centers and initial training models will be finished…
We draw a parallel to a very similar cycle with similar technological innovation (not the ones you’d expect) to look for clues as to what’s next.
Full read here: (we have re-enabled the 1 free article policy to ensure new readers can get a feel of our level of research!)
https://kryptonresearch.substack.com/p/the-next-ai-trade
