$NVIDIA (NVDA.US)$ The dominoes are continuing to fall. It appears despite many hyperscalers beating earnings expectations, the market is punishing them for increasing their CapEx for AI. I had predicted this would eventually happen as AI still doesn’t generate a ROI to justify the massive spending. I believe it is likely we will see hyperscalers lower their CapEx projections, or perhaps even put a pause to their CapEx if this continues. The moment they do this it could spell disaster for the valuations of hardware companies like NVIDIA that are so closely tied to, and dependant on AI infrastructure investment. For those interested in reading my full bear thesis on NVIDIA, I will link it here. moomoo.com/comm...
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