# AI Build-Out Turns Into a Financing Story and Custom Chips Draw Bubble Fears - Weekly Semis & AI Infrastructure Podcast Recap - Week of September 13, 2026

> Weekly Semis & AI Infrastructure Podcast Recap for the week of September 7 to 13, 2026. Podcast synthesis on the roughly $800 billion a year gap between AI infrastructure spending and AI revenue, the argument that custom ASICs rather than AI broadly are where the bubble sits, power as the binding constraint, a memory upcycle, and the shift from training to inference.

## Weekly Semis & AI Infrastructure Podcast Recap

### Week of September 13, 2026: AI Build-Out Turns Into a Financing Story and Custom Chips Draw Bubble Fears

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## Top of mind this week

The mood in the podcasts shifted from "how big can AI get" to "who is paying for all of this, and what happens when the bill comes due." The single loudest argument of the week was that the AI build-out has quietly turned from a technology story into a financing story: the companies building data centers are spending far more than the whole AI industry earns, and they now have to borrow the difference in the same bond market the U.S. government is tapping. Underneath that macro fight, two more specific debates got sharper: whether the real bubble is not AI broadly but the crowd of 20-odd custom chip projects trying to dethrone NVIDIA, and whether electric power, not chips, is now the thing that actually limits how fast this can grow.

## Dominant themes

*1. The build-out is now a capital-markets story, not just a tech story.* Several podcasts hammered the same gap: roughly $1 trillion a year is going into AI infrastructure while AI services bring in only about $200 billion. On The Economics Show, investor Ruchir Sharma laid out the math directly and warned that the funding now competes head-to-head with government borrowing.

> *"The amount that the AI companies are earning in revenue from the AI services that they're providing is about 200 billion or so. So you have a gap every year, financing gap, of at least 800 billion dollars... The AI story, which was like a very big technology story, has now increasingly become a capital market story."*
>
> Ruchir Sharma, [The Economics Show](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiA9TEkmWO9IQBX8TPBMeMvu-2Brf-2Fur-2F0THj2y-2BrOtiFPC2xPTRDUDbnEurt6awsCwjtsCm3BUqMyHqm0k-2B5ZXOYK-2F4v5-2FudXPF5TvOgp2PAzQ-3D-3De45f_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oqOHaxSDL0J7j8-2FRknzxOuLYqp-2By-2B2qTx-2BBa-2FZrV-2FJaOi0vqmStmPU-2FSgI-2F2o1Qqmocq01aGBHQwishC53Y2BtaUDe8NGA0sGWsvRW8vUCFfqJzKQCKTbfSakGnaZ2miSQ-3D-3D)

On [The Compound and Friends](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgAJ4kxez8GkgeZluc82Azo-2FXB6B3nvLaroYVo0Yz-2BkGx4yMIn7PuZhSWR7QmwFOXQ0ytFul052o-2FRd9xL4ia6sbXezAr9oVLgvATbYbp1veA-3D-3DJ0pn_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5okY9HWMqItycvVnE7ANPb-2FRJD1-2BwnqbNY4ye3vA4-2Fm-2B-2BAjkCFXVg7pP8jdlnoPz-2BB1LxCSzCDC5DFM10peePUG1vXZ6INIKtXJrvczfjFuhc1P-2BQfYFD-2BC-2BkLXAhVeUpgg-3D-3D), Jens Nordvig made the same point from the bond desk: hyperscaler bond issuance on the long end of the curve now rivals the flow of U.S. Treasury issuance, a brand-new source of competition for capital that is nudging yields higher. And on [Next in Tech](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiNttMoaoCVnvu5EGNgtZcKhQksU-2BX9Y8E-2Bolu-2Bwt562CEwqW4Od5hPi9PktitDPn-2FtujM7y8p4Kyc1C4-2BgmhBvqCr-2Fwn7V-2Bb6n2oBqbrMZeA-3D-3DfSpp_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ojgi1vucyMYDHZXKyhX0-2BxcV8cx-2BsUh99fY2xvKiu8CEYDRHcadRL0lLNYTo1wQ6GJowVKQOIK8eETC1ji-2BsttUXtJ6U15WkGkZo-2F819N-2Bh0I099rZ8hgo-2FczuT2-2BC-2BD9A-3D-3D), S&P Global's Bren Daly noted the scale of the shift: hyperscaler capex has jumped from roughly $40-50 billion a quarter in the cloud era to about $250 billion now, and Google posted negative free cash flow for the first time in its history (after years of generating around $70 billion), raising $85 billion of equity and projected to stay cash-flow negative for eight quarters.

*2. The "real bubble" may be custom chips, not AI itself.* The most detailed single argument of the week came from Vaughan Nelson's Adam Rich, who says everyone is hunting for the bubble in the wrong place. His view: the trillions flowing into NVIDIA's ecosystem are one thing, but the parallel rush to build custom ASICs (application-specific chips designed for one job) is where money is likely to be destroyed.

> *"Right now we've got 20 different companies, U.S. and Chinese, building custom ASICs for these AI workloads. Not all of them are going to work... We think the custom ASIC market is where the bubble is right now."*
>
> Adam Rich, Deputy CIO, [Vaughan Nelson Investment Management](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOggKlkVlsXxPqQoFOWfCQChbIKjHBW7RhOvTbdIoNk4wg04xmuPEtUnuABta9r5LNv3-2B8eD5-2FUld-2Fne9s-2Bi4BzL-2F12UGRQwrM1eBOu3VNAq-2FA-3D-3DM0CR_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oqN-2BfjKgD2tTUY5e050rrjPGaGk7dv3QhTEnjfm-2Bd76VXezkF-2FZPAu-2Fw-2BBHQn603qekh3g6TrkTK53U2AxPkwrs0Ba1fGsnIaGRy5kGBpSDQB5Px8P65-2BKhbRlhMuuL8UQ-3D-3D)

Rich's logic: past tech cycles (PC, smartphone) settled on one or two winning platforms, not twenty. Everyone is building their own chip mainly because they cannot get enough NVIDIA supply, since TSMC is the only foundry that can make these advanced chips and it is capacity-constrained. But no single custom-chip project can get enough of that same scarce TSMC capacity to reach the scale it needs to actually beat NVIDIA on cost.

*3. The custom-chip market is still huge and growing: the question is who captures it.* [The Circuit](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiJ5GvMQG3niXFWzk-2FIk2cIxYY6p1vnqw0ESA6UQtBwe-2FLRB2bl2PNwYD0ZubGFaiuD0D4GZxTTBhShKjoV4GknPztHMRMhxjM7U8LSRIRxzA-3D-3Dxu2V_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5onWZtwycTks3oyPuaWJQwZGZ9VDvi1mPYYw-2B2Qpn8WSd-2F-2Bg1z0J2eOxC4e8NB4SpbLdKDepVGiM8XvD9RE2TI5uakT965OXPxU-2Fj5rdj7p-2Fh9KrkJ-2F2hEfAtsab3uzl62w-3D-3D) dug into Broadcom's latest guidance: roughly $115 billion of custom silicon revenue in fiscal 2027 (which the hosts think is a floor) and $230 billion in fiscal 2028, inside a total custom-ASIC market they size at $400-430 billion by 2028. The new wrinkle: Broadcom for the first time named MediaTek as a competitor after previously denying that competition existed. Separately, on [Daily Stock Picks](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhlDJSKcZYcIvmSFFztaXL6h3iCxGb3y9bqbvpNH7ecAwZgcyxNV-2Fw9ijm-2FrLAJO1K416ow3n5fHxXgzktr9Lt61LLqlyRi8hQH5OA4rh13VA-3D-3DsGIm_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ojNx2OubZvxE1fvDu-2BHfAYV7FCnP7Jab62IIfCJdmNO2km2bI0xnwQhlZAK8Vr8KaZdn3y1EY777-2FmawB9Av1Y1cP9Cs70Tp6k-2B6nzxLwkmmP73his64syyyOW1mcOhkDg-3D-3D), CEO Hock Tan is quoted saying Broadcom is "on target to exceed $30 in earnings per share in fiscal 2028," which would more than double today's roughly $12 annualized level.

*4. Power, not silicon, is the binding constraint.* Podcast after podcast said the same thing: the grid runs out before the chips do.

- On [The Canadian Investor](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiaahQM5lup54lt-2BQbe-2BO3rNwCM1f-2Bv6PnbhOZ-2Fkf1Vf-2B-2FLgKdRME3nXnQ2CZ2S-2BQ5DPy8AviCW7C7OwwWOqAh4vPct4Q3SPA5LVw1YTNMxEw-3D-3D0qsx_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ooW1MD2pe6SLKTt5NapuQX3-2B-2Fio48qLduwF1-2BvHNe0ERBapsft-2BK70gAKuqYXnymsnLCpV6ZVGZjlFcx75mBdLN7ya85fUqqqPGqffoREWD-2ByoVGcANSAPMZDxdIaqFRRg-3D-3D): Texas froze all new data-center grid connections after receiving requests for 474 gigawatts, when the state's entire peak usage is only about 91 gigawatts. New York paused permitting for projects needing 50-plus megawatts.
- On [Interchange Recharged](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg0QfNr2mI9qNzU5ADdeWE3JUY8dzT7pmock-2FTa8-2FydeghCfxQh3BekNAFqhxCvAeqAn-2B7cDEfoN-2BBKzsbztvwAs-2FoeTDXTddCpWWFuGYJiNA-3D-3Dwnil_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ovibdTv5TyVXXun87Owuz-2FhIdnu62Dzw0G0fgs6J3xVlfusAxazON7de-2FQPwc70rF-2BmQTYAhMVs560-2FXZdTctCxCXkQXl3PfaIJV4r03SEAvlNivBQhgUaJX5rQB1bfpyQ-3D-3D): about 230 gigawatts of data-center interconnection applications over five years versus only ~93 gigawatts of expected new power plants (a 2.5x gap, per Bank of America estimates cited on the show).
- On [Growth Stories With IBD](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi7CEsZXORW1d-2BuBZWklJ4wsPvDlAeY1wBxxfGuDvLWLpyJckhEdBpnXfPrNF4nKesecPkbA7MelRPaI28Ri7MaQO4GMuYKY1cmxArKC-2BGPtw-3D-3DSOPs_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5opiBB6gRHDMX93x9Rbo5-2F2mSusP4eiXPGKv0AG3nS3w8xe0HMYR-2Bgoh-2ByNVbCmG7QS5-2FFy-2FqHGD8mii5kXzBpcSgrnrVrpKv2Nj8cYVwDV4RhE8PRvDj-2BOlUc8UsNEICLQ-3D-3D): Google reportedly cut a Texas grid-connection wait from about five years to 18 months by co-locating its own solar, wind, and batteries, turning power access into a competitive edge. Labor shortages for electricians and cooling technicians are now a real limiter too.
- On [The Data Center Frontier Show](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgp8kZDmRgZuCqjq0s8feg1R0-2Bj0z8M-2FOsWXtssYuqyD6lTMDxXqtqr79bm1cVlMnc9fitmrUF9DycckMj2xxq7CqpqNbiqxJ6Jx0WRlP0RgA-3D-3DJdRw_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ovH0Z1qZxzU9mJdK0gV7eIGygV01-2FZWY1DZHxG7Q7Hum4P95JgkZ-2BrBrxHd7bIV-2FRmViY8k7osMH0IWzPBHcbOlSV5otTLfDYBchyOx-2FwUTvJrvY9mMuAblMKtFeclHFSQ-3D-3D), a DC Blocks executive argued the true bottleneck is not power but permitting and fiber connectivity: a 475-mile fiber route can need permits from dozens of jurisdictions, some taking 18 months.

*5. A genuine memory upcycle is underway.* On [Bloomberg Intelligence](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi28YF7r5NnUfSa3fN6OGvgibjTDMoe9fQPdOHcJllDz-2BcgIwW26N-2BQXyUeBMsgXJ5fMtMVdY09eASnZd-2FuSxZEgJtWT7wO0IS4Fioc59hqnA-3D-3D7pLf_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5orp0ClsuwQkSX0CtvFF1qND6dHMfKQj5lbQsjD1CSPUNnc4fuUOvSGYXmvllhyVqoEg-2FRbwliaxs7bR0V1BSLlSiCHICiXkvaplfoty0aLn6K6FroTHR1jv835-2BFl67-2BQw-3D-3D), an analyst laid out a bullish case for memory and storage: about 25% annual growth in "bit demand" through 2030, flash average selling prices up 3-4x this year, and long-term supply agreements now stretching to 2032. The catch is valuation, with Western Digital around 36x earnings and Seagate near 59x reported earnings. On [Tech Disruptors / TFTC](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiCgrIagcq9rWR1p8uhqnYp1PtrBRc6QOr-2Fdtr7RTx3JietFreTwTCtAeHjSs8rYlx-2FWgs4Dp7w-2FsmpJuE988AA8Wh01yTUnbPPRhaNMXNgbA-3D-3DrgN5_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oiT7RDj0gI7Umf3EfHxVK-2BdXoPTIWmWk-2FqfVrgK1scCJTf4of9kzw5oLpPCJppiim4kD4sgx-2BWCbuncdc7XcXWoJdeZ-2FEyW-2FmM9vAE48I-2FsWkd41EeEszyLrfNlinRTeHQ-3D-3D), a guest flagged that high-bandwidth memory (HBM) now carries roughly 90% gross margins, which is great for the makers but a growing cost headwind for everyone buying it. For historical perspective, on [Chai with Pabrai](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi2oaLzgu5u0spP7JfFHUBCFwT-2B1QTLfngwRmwaJa1RWnEJ-2B1508ClolSmiWW-2F3rHi6gXwRKXY4PxDgPBJA9uwe-2BKuAWJLDAdHCbY7b7wt0ow-3D-3D47Ku_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5olmoO2BTYK8L2RfxuJSFxptzeg1Kgvzz5DwftvokHQyqp744mH3-2BuImD3luFYeklTdqR-2BtWMGLX38R7Omy0m5zvaC8mETCE1jBHw2-2BEBpLHmiZjrAoVuE3jJXY-2FuUWF6-2Bw-3D-3D), Mohnish Pabrai recounted how the last memory cycle turned brutal when Samsung chased market share and pushed all three big players into losses, a reminder that memory has always been cyclical.

*6. The action is moving from training to inference, and that changes what hardware wins.* On [Bloomberg Tech](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi4y8iSQuogHaVOCUuOzm9ZNQcixTgREATNgDdY3j8Imku3sclZDDW8C3TkRi6pufQby3DICm1Kfodcmgf4-2BWHwYSlm9-2BKK2jU4ptSdsUMQGA-3D-3DG2WL_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ot-2BSmoX053NjWmrHv3F29-2FWhrU2yOXDi9E9eJaqCJL2aJ41gax8cF-2BAAT8aAUcT-2FE8k0zPMUc3AtUdmEaK1ZLDGviLI6t7OusFG7Ahj51vf2WDUYZw-2FF5mPQHujCjlgjbQ-3D-3D), the CEO of inference-chip startup Dmatrix said demand for ultra-low-latency inference (running already-trained models fast, especially for AI coding agents) "took off in a massive way in the last 12 months."

> *"Memory is really the biggest bottleneck for AI right now."*
>
> Sid Sheth, CEO of Dmatrix, on [Bloomberg Tech](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi4y8iSQuogHaVOCUuOzm9ZNQcixTgREATNgDdY3j8Imku3sclZDDW8C3TkRi6pufQby3DICm1Kfodcmgf4-2BWHwYSlm9-2BKK2jU4ptSdsUMQGA-3D-3DGgK9_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5onWU94jUQA6PGnkr0IigtYdaYrsgfseiBl0KzkhkTfVavrAy4-2BSlJqSZIVR03gwqc9BHBGz3Suy6xhxK35fslehIg0XOkVUkyXQmrecAizXIhMYp3hYaNjw8ARe3P1-2BCPg-3D-3D)

The same episode noted a classic efficiency-drives-more-demand dynamic (Jevons paradox): after OpenAI cut prices roughly in half, usage rose about 10x. And on [The Deep Edge Podcast](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg5FbHb6oydHp5GrKKIs44UvTq-2F7IDbor6vkmAPXpXa7T8d0oEmJDcMqTveefp4eG9kyVj-2BfMh3CWdzcx0DMKBvwTXTt2DEiUVEVBM-2Fu7LhWQ-3D-3D52Sb_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ohiNCpJHuHHzsTm-2BvK2XEKyDDVo-2FlS1EaUBADwiQzbhdWYWx-2BgY36l6tAixHZfpXH21oBVbgYfx-2Fjz-2FezwC-2FhhD49yxhEvLMitgR3Jzd9Fqju-2Bh6WVgJFcGj1jekJfm1-2FQ-3D-3D), Akamai's Ari Weil argued companies underestimate the true cost of inference by 3-5x because they focus on the visible "price per token" and ignore hidden network (data movement) charges, which explode once AI agents make hundreds of calls per user action.

## Key debates

*Is this an AI bubble that will burst, and when?*

- *Bursting soon / serious risk:* Ruchir Sharma ([The Economics Show](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiA9TEkmWO9IQBX8TPBMeMvu-2Brf-2Fur-2F0THj2y-2BrOtiFPC2xPTRDUDbnEurt6awsCwjtsCm3BUqMyHqm0k-2B5ZXOYK-2F4v5-2FudXPF5TvOgp2PAzQ-3D-3DxLlc_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5opAkGxrNrWrmffiIustXVexXgnO3CHruni7WHbiIBhXzGqszXO7S4c8SYJyY8tT1d7ShhTBHpequ2Ca37Ert9wyv8SFkYz-2FTO-2BWE-2F6Fr0g2DXDgXt7L4sPI8bJJEJLzwBA-3D-3D)) says the tripwire is the 10-year Treasury yield decisively breaking above 5% (it is around 4.8% now); above that, government borrowing crowds out AI funding. Steve Eisman, on [Rebel Capitalist News](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg2qQgxiDdfN1d1W-2BOVSM6dHw86c3rShxvh3BJaApDveTldl3mSXjLxPphO8iRNVVHwdcq-2FEoYbrL8VmUulFAdmu-2BHvxTMexDRzVxNGSX8M-2Bg-3D-3Dju7F_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5olCgIl6YpZEKWqoEx9cbmsUvG-2FYguJlz8iBWgVyTCLT2THVjmzIsIMKc-2F9ak3m34p1mgURBs8A3GwaV45bdjx7-2FfTm4JngkNMYoxenXLT1DU2lwVSB6hmikPCpzyyfdKyQ-3D-3D), warns AI capex now accounts for roughly 50% of GDP growth and that OpenAI and Anthropic generate about 70% of hyperscaler AI revenue while remaining unprofitable. Jay Martin, on [Commodity Culture](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOham-2Bh13YJL1kRRWQuSXUTnv2HCzPQTc0KBf-2BThBaEG3UnRsiOlY6PtuEXjsFmZFknhoi6fzKtq-2BW5u08OD7z36RiQp1E7ocxghSBp9qr7-2FIQ-3D-3Dr3QL_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ovUjeqh2Kk3NUxr4ehBJbuKStipd72JeukTB79FFuruPsxmUSVufOV86Kfpzo9C2KPkH-2BLJKTuxeFtvT-2B7o1kZwHXtmZyNxhYw-2BcpMjlcMSDXdWTlEe35M1-2F200qpoGtGg-3D-3D), calls it "2008 all over again," noting last year's ~$750 billion of hyperscaler capex exceeded their combined income, making new data centers effectively debt-financed against future promises. Ed Zitron, on [Better Offline](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiVLPSccpZq1zt6fmnsboEjBsmEbx62sXfXKRemrY1s0wgY4rqoFypH81bDxh-2BBtYQdEaiGlO6pJLq35HX7nYnkPpsByUFseK8yVXUS9yCkgQ-3D-3D9v8V_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ovpnqqhY5N3FuN-2Fka-2FqfgCvKvcgTuI2fcqo8V3hdiDrfvpCnVifO0V1s6dDobKWrgRAqIEkzV3l1GseRh8MQiHhzyw7GCXIUI6ZFfvg2oYPucTbBtreL2oxIFbe4Knklkw-3D-3D), is the bluntest: OpenAI and Anthropic have ~$1.3 trillion of compute commitments while losing tens of billions a year.
- *Overbuild, but not yet:* Simon on [Merryn Talks Money](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi-2Bn1nxhQlFkuSaWyPEEsjZLeT5sbCXqrV-2BDMcRNjHTnDJz2iZAwuKJaKCGLiNYg4iclqtqgsXuWb4rjdjH7Ye-2BB5UFGSUK9rOzidRHez4czg-3D-3DrVzs_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ouW6INxGWVWTdtE4Gk1RnoMn4x9BLIkIKUbkRetfTsVHInOCYu-2FGgUp6pwELbAe646Jt2S7V7iD7kXUim7UeUt-2Fgxet8JNJeQlhgwRKIU4n-2FeMr5-2FLvRJBAJf3omyJ06Pw-3D-3D) expects hyperscalers to overbuild and sees a possible 10-15% correction within 12-18 months, but says the exact timing is unknowable. Cameron Dawson on [On The Tape](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg1kXOhYs-2BeycCaiFiHJzLI6zJEBJ6iMIDcXWGSkqHolxH1ygZGTUn3cbL7xncreRCvc4kL2bLJ3ooFaDyib9vcADTIANe-2BdOxlIbn5kG8oMg-3D-3DRQEx_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oun74o-2B1aP2AJJoOrJ-2BDk872DQTRi9nFxf-2Bbdy-2F1E8-2FPrYqXNhdxwQN-2BvPZEM9D3f5lxjZh0CN-2BocgV7ONCzegwD8loSdQX8wM0gBY1-2B9O8ACGCX-2Bba9YduffDCk-2F2Hi3w-3D-3D) frames the problem as valuation, not collapse: 2027 hyperscaler earnings are expected to be roughly flat, yet the market is pricing a big free-cash-flow recovery in 2028 that no one can yet see.
- *Not a bubble / risk overstated:* The unnamed CIO on [Full Signal](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjEFMCYuq1uHLHg-2FdruGsLh1T8497jFaZluE6LdVYJA05vw2QS5mVKf-2FzpAuEqxntsAdRSs3oKztdPuTPBDP-2FpK0bQTIJLlIchST4fopE3GrQ-3D-3DGZqn_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ong7BLztKam6w2ik3JUIloYt4yZRwadgNzVYYbqVxznBqBFTDntnoecWGVp5xH-2FkkLuhN59rHxlhAt-2BB4uU3B2Qzpd1UoD7ifOA5GFtILJ9-2FmPf70fr4GGg-2FvezInQ-2FTWw-3D-3D) argues circular-financing fears are overblown given multi-year chip backlogs and strong demand. Dan on the [Futurum Equities Podcast](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhGiaQInKXrS0abKYFYeXl0a4j6y84-2Bz4P6IJRnIpeAv4iNT3uMhsm31RYHtwWvTgIkeh4AB2N5PLyqo4SM8jeplQONpvrQT4v4Ca-2FDO7ZO-2BQ-3D-3DFZyZ_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5otEY4Nt3DcRUaEunzGgiJJjTxX061pUsZnptYjeXrLhFKpCF1EwzrG5oDRraAiW0DnWeViwpyI1gLk-2BahOqghasbfQBaGvLSE1XzsTgu61LtZdoyO-2BrcpeRfj38YXP3hkw-3D-3D) says AI demand is price-inelastic and only a small share (sub-5%) of the build-out is truly exposed to higher rates.

*Where is the bubble, exactly?* Adam Rich of [Vaughan Nelson](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOggKlkVlsXxPqQoFOWfCQChbIKjHBW7RhOvTbdIoNk4wg04xmuPEtUnuABta9r5LNv3-2B8eD5-2FUld-2Fne9s-2Bi4BzL-2F12UGRQwrM1eBOu3VNAq-2FA-3D-3D522Q_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5omunwLPb3dyZxRJYNqadBmNfLSmmtWaGZDt77yWrz9Cxsw1G9XNcPeKbCUAGEaVeYwG3y2KdGGbRZoDGnYpUeLvmskPrf6PImWxuyj0xysvK0ihbY7rdhmzU3diVzw6ozA-3D-3D) says the froth is in custom ASICs, not the NVIDIA ecosystem, and warns that hyperscalers often capture the economics through warrant structures where they get chips "basically free if targets are hit." The bull-on-both side, from [Chip Stock Investor](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjQRKuuBm1oFll8pPC6ky3gmUSCUgezoU3MA0CE5ra3-2BAVyG3pcuyYie-2F9uVtUdeTgjM6EJ69wDty2nDmksv-2BOqXd9GTux0cZTixXm45WYHrQ-3D-3DgVBl_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ovXw5-2FtYJou9zmLuPePLCP0ooArj9y-2B7Zl4iCpZ-2FTOConKmUJ1EM8zY31XBm8LmCH2Ne7Xu3s-2Fk6J2AdgvgpaXYfBSxH9ZLXBk3rEB-2B1ohb3wfJ4eTC4gRTtaDPu7gMtRw-3D-3D), says custom chips and NVIDIA can both win, with NVIDIA holding the top spot through 2026.

*Can NVIDIA hold its lead as everyone builds their own chip?* NVIDIA's answer, from CEO Jensen Huang on [Bloomberg Tech](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi4y8iSQuogHaVOCUuOzm9ZNQcixTgREATNgDdY3j8Imku3sclZDDW8C3TkRi6pufQby3DICm1Kfodcmgf4-2BWHwYSlm9-2BKK2jU4ptSdsUMQGA-3D-3DaaM__7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5opHLa0WLygFprvXrcysZMRAs5mJFHRy7oBpQbHm8heI9POJU7tSDDy0uEyf5-2BjQop-2F-2FQEMII0FzOisTlKpXdVAobkYXoGfExkOPNt-2FBIx5flH2nOo5CNbn2l1YguCe25LQ-3D-3D), is to embrace the competition rather than fight it:

> *"There's no question NVIDIA's footprint is the largest... we're not intimidated by this. We're, in fact, welcoming it and opening our platform so that they could connect XPUs into it."*
>
> Jensen Huang, NVIDIA CEO

NVIDIA is now letting rival specialized chips plug into its systems via NVLink Fusion, with Dmatrix the latest partner.

*Is power a hard ceiling or a solvable problem?* The constraint camp (The Canadian Investor, Interchange Recharged, Growth Stories With IBD) points to frozen grids and multi-year queues. The "solvable" camp includes Gene Marks on [Develop This](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg1kXOhYs-2BeycCaiFiHJzLIh569E67dFON8dVBDAyC3vy5uAtJNmQHsDzUhbqkFOyjtFc-2FGZ-2FfZaVVx5oo3NSLvhfoU2uuuHY-2F0hzMWk8X3rQ-3D-3D8JSP_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5osI47RzAyDgPocKzBs0kD9VfYmscvKBYI7mFz4dwHH2UJuyoowtNqOgwSKutgOAh0BjUXKMzh7RD4jwJyOR0MsUwP58xkqfcgeprxus-2BUieid2YhcBqjSXLrEWpimHAz0g-3D-3D), who calls power a manageable engineering problem solvable with nuclear, and the "bring your own power" crowd on [Capital Decanted](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgN-2FcBznWGJcPZBXGysCQ7YIK6vKtL2dbxBHeVa7feqFBjxuhry8bpfEFNf4rf0G7ntKXfszmVyrROomreBU7ej0SlurxrerTtNgUGL8bi7Dg-3D-3DQKYn_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ogwM9-2BQsmEMUIMeIt9L6G-2FgRdyaX76asJEY0WKkoXH-2BmwLKPwcoJYMoJWulKMyuv85JsixmAhZesi0G5PfCnNixuR6DgPAt835sfuZaeA6UVZH0nwIIOC8RHcLi7TUV39Q-3D-3D), where xAI's Memphis site runs on Tesla Megapacks to sidestep the grid entirely and utility capex grew 22% year-over-year to $212 billion in 2025.

*The U.S.-China power gap.* On [The Pomp Podcast](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjHSLairmNlOXKsxD5IJ-2FmsmlN6TuzQwqx65VGQjEZ5hLT8bY-2BPc00ieLEhxigcC74BqOB1h0rmV2BCWlUlVucdZV6-2F-2BHFhUDTeqLFM0uVfnA-3D-3DJQzO_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5olwgUg8ELRDxlMI5HJ7EdAP35PskRWHGrtgY-2B-2FMHjhXqyH8v6dB-2FpU-2Bd5MIeRZXtl6vXNKkd89k1IhQ9Owrhhf8pM6ORkcPJ1tYZFyrJY8eq8z6zQ3REy-2BsRAxguJK-2BHqg-3D-3D), Delphi Digital's Justin McAfee argued China produces roughly 2x U.S. electricity and adds grid capacity about 6x faster, so the U.S. risks "running out of grid" before it runs out of chips, which he framed as a reason to invest urgently rather than slow down.

## Stocks discussed with bull/bear angle

| Ticker | Direction | Source / Speaker | Argument |
|---|---|---|---|
| NVDA | Bull | [Jensen Huang on Bloomberg Tech](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi4y8iSQuogHaVOCUuOzm9ZNQcixTgREATNgDdY3j8Imku3sclZDDW8C3TkRi6pufQby3DICm1Kfodcmgf4-2BWHwYSlm9-2BKK2jU4ptSdsUMQGA-3D-3DzIVD_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5on2WozFeGZWbya9ts4tIqZAVZv-2B8s7coeFb5rH-2B3hz30eRQgUXZQDDOTdDw09MwT77qF5bTtDaKe-2BEBBqAw9qNXScvK6XDDsQNkUms468-2B0c-2BmSeOLV5jBSRO933pGmQsQ-3D-3D); [Chip Stock Investor](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjQRKuuBm1oFll8pPC6ky3gmUSCUgezoU3MA0CE5ra3-2BAVyG3pcuyYie-2F9uVtUdeTgjM6EJ69wDty2nDmksv-2BOqXd9GTux0cZTixXm45WYHrQ-3D-3Dbqqy_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ojF9w6zVN4-2BQG7eQWwOTHJBKy3WUB-2FwGCUbSVCwR0-2BSYGn30maDjBsXXgrIOaDvaXrybaIadSUC9bC2J-2F2-2BU48Wmjw1uxtXYSUKhXNh85yQwVRYZDcmeSda2MPb2cUcZQw-3D-3D) | Largest footprint, gaining share in open and closed models; opening its platform to rival XPUs rather than fighting them; still #1 through 2026. |
| NVDA | Bear/caution | [Rebel Capitalist News](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg2qQgxiDdfN1d1W-2BOVSM6dHw86c3rShxvh3BJaApDveTldl3mSXjLxPphO8iRNVVHwdcq-2FEoYbrL8VmUulFAdmu-2BHvxTMexDRzVxNGSX8M-2Bg-3D-3Dn4Wf_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5olGLf8494CTtT45mEUPWeD3Ovpi7-2BNe5PPblQGb7WPgE1ZDTGm-2F4kpc67gybX5DeyhE9I5V3LranGqYeIRDBT-2FD3dFMjrxsLWujJcL7OYyN7CEjoGkqmv8-2BefnZqm3wtpw-3D-3D); [The Minority Mindset Show](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhKiBezUe17wSl9KMeXEPyUVDWjFA-2FDrDi9qqR2Boy34oLAMRYhLlnEXZSdf14IOdXsVjzVyyUaFLb4zupPHruaoze5keXSUpsLNizVHXdgyg-3D-3D_R4j_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5otd-2FUK7xIbF0iETI2TLq1UDvZEoxoNGE3hCFNshZ5VCeVfY3-2BxQSpOt8Mr-2F17InEs-2B2L8XEvhX0x3AhJezGBKovJWqcxjGXBbsSq8pUnNf2IKb9cPCMEQKX8siANd-2Byang-3D-3D) | Circular financing (NVIDIA funding customers who then buy its chips) inflates apparent demand. |
| AVGO | Bull | [Daily Stock Picks](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhlDJSKcZYcIvmSFFztaXL6h3iCxGb3y9bqbvpNH7ecAwZgcyxNV-2Fw9ijm-2FrLAJO1K416ow3n5fHxXgzktr9Lt61LLqlyRi8hQH5OA4rh13VA-3D-3DRVFj_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oh6Pe9fd6Y5AD-2BohD82ikCRVpACpfl8JfkdN6ntLM-2BPYEKmCwnhLPrJrUqB6fmJ6hdnl03gTLYW8byP56OB2zxW4gZ-2BGZlLbQgldPDF1UXRYTOu4V9QHSWngr-2BamahVETQ-3D-3D); [Zacks Market Edge](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgSQzkKsQQTJq0nPfjf6HCOTtisP4qJzc451pWaXEh6LayBpkSgo-2FM-2B8Bg2frnlRp7v3wriYMnyWqiahZ3IV6AYA3iutgIIPbE4aRJTRzPKMQ-3D-3DP9Nu_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ojup6K0iT3hdHqR08T6Iyp3z-2F0wcNQLelwDharYP8Q3hDCWdlF9o7MdytMxVck2xzazWMoUtpoIvbr0vJyEt4cY3OsnZHK-2FvTWE9WGHlvaI9afpY9AGKaSKj-2B5x4Gn-2B19A-3D-3D) | Hock Tan targets "exceed $30 EPS in fiscal 2028" (more than double today); stock down ~6.5% over three months seen as a buying opportunity at ~19x forward P/E. |
| AVGO | Bull (with caveat) | [The Circuit](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiJ5GvMQG3niXFWzk-2FIk2cIxYY6p1vnqw0ESA6UQtBwe-2FLRB2bl2PNwYD0ZubGFaiuD0D4GZxTTBhShKjoV4GknPztHMRMhxjM7U8LSRIRxzA-3D-3DlJKB_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5osvM9FAydcKL5ZgTyv9YNafjft7imY8SbZ1LbzfNNws7Z4kghUJbVCnYT4uhNky3To-2BE1A6Mye-2BVpvUrfiuD3leZ53J3RiMohBhTPySB6mofBngvFvHzagz5CEqXWTkIcQ-3D-3D) | ~$115B custom silicon FY27 (a floor), $230B FY28 in a $400-430B market; but MediaTek now named as real competition. |
| AVGO / custom ASIC names (MRVL, QCOM) | Bear | [Adam Rich, Vaughan Nelson](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOggKlkVlsXxPqQoFOWfCQChbIKjHBW7RhOvTbdIoNk4wg04xmuPEtUnuABta9r5LNv3-2B8eD5-2FUld-2Fne9s-2Bi4BzL-2F12UGRQwrM1eBOu3VNAq-2FA-3D-3DpXbX_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5omytOqHdsQvvpebU-2Fo-2B7fxX2RiGzvZpELssHkTZmkRo-2FRMwJpyFg4DTHRmdx4myvo02RY8HxAmvF2TZzubR2EauWFQwPAtpkKEscnixYOAcMqDScdxRpmUimsSYgJ-2BLiLQ-3D-3D) | ~20 competing custom-ASIC efforts; "not all of them are going to work"; hyperscalers capture economics via warrants; this is where the bubble is. |
| MU | Bull | [Bloomberg Intelligence](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi28YF7r5NnUfSa3fN6OGvgibjTDMoe9fQPdOHcJllDz-2BcgIwW26N-2BQXyUeBMsgXJ5fMtMVdY09eASnZd-2FuSxZEgJtWT7wO0IS4Fioc59hqnA-3D-3DK-XU_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ojsUfcm1fvC7x-2FMwkefVj-2BnJDiD6EG-2FiPLEaTP22WJ60wryJjvGp3r8dJnczcG5INTbCZjaEENa5PWw3cxze46x-2BQ58zsZloFmdw-2FXSaSd3NiErET3lFmLdQTzYj0bsYOg-3D-3D); [Schwab Network](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgLlRaZrlseUrw-2FqakaFAUDgmTUpzJGIZ7ekAs2f1zM1PZ3Q37I3JXIfvxNlWN3V-2BfcVwJTcQsapTp5LeOUnV2RI1kWoFsYSQpKCIRNx6aXVg-3D-3D-SpP_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5onq9eMp3Y9u5p8qXztGujb2PgbVsABQxsDAP12tNt45ZjeHP9-2BJ0uPdaZsGArT-2BPHdFcp5mMB-2BA18lmQpGi1HuSuOxeTVLz5PpZaYS3jo-2FtQJniL6t2aEKXNkh7jU2tEKQ-3D-3D) | ~25% bit-demand CAGR through 2030, HBM4 ramp, long-term agreements to 2032; bullish technical setup. |
| WDC / STX | Bull, but expensive | [Bloomberg Intelligence](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi28YF7r5NnUfSa3fN6OGvgibjTDMoe9fQPdOHcJllDz-2BcgIwW26N-2BQXyUeBMsgXJ5fMtMVdY09eASnZd-2FuSxZEgJtWT7wO0IS4Fioc59hqnA-3D-3DQwKc_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5omDio1xbwjkW00znwo3uhGgkX566eLUJexpK-2BRxKK4C1vJuBgYFtWPWVib10skRWgnj8wf-2BYseLbmPC6QJU6Dxg8ejLSPoKtFWZzK-2FGab1bwZ6lVA-2BS2Ug3SfQh-2BA4TgJA-3D-3D) | Flash ASPs up 3-4x this year; but Western Digital ~36x and Seagate ~59x reported earnings look stretched. |
| ORCL | Bear/skeptic | [CNBC's "Fast Money"](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg62bXMQmIlMyjDn0xX6xepaDHuZQoLhSnLBjG-2BR9-2FPAgPLXzWC7UG8VcBtxBRH5R-2FsYNGpwjZCmNB8s7SHzw9krwFykh4gXn6JYoQSTCZt-2Fw-3D-3D7WiI_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5opW43CdnqnV1yHU9h-2BIpKcTzLqxgWxLj55kpQokNxGoaRBT1UgUuvU0sNEqvbyqq0CuJKYvEcYYniQcsG8y3-2FqVV6-2Bi-2BUaVRNE1TN8BxFvfHLJe-2F1QymZe-2BxzFK02KsKaQ-3D-3D); [Squawk on the Street](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgunTKUSYDUCNfc2MTcu-2BlAvXck6GmjBZVb-2FtlQmH6JrdKyXee-2BASilZnr-2FY-2FgOJqIzUZB-2FDDUrKP1sme5QASGd-2FWb3r-2BFDZZMiTIVi4YsHLw-3D-3DqYrm_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5okEv4hDxCk1HDklsqT8YYTiHyqsrW821lB91pxRFQRf3DkCGVS3gqCDvZ6X0yW-2FVrUNpAbtZhRjQODUSyfV3PTOAcZ-2FwbbeTrTEEro-2B12xUG-2FXvNj3N8EC2jNcR2OyBOpQ-3D-3D) | $664B remaining performance obligations, but $28.5B quarterly capex, negative $5.4B free cash flow, ~$167B debt; likely needs another ~$20B capital raise. |
| ORCL | Bull | [The Rundown](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOij-2FjR-2BhXF-2FC5jO3dbPYIlCkKS7PUP7mutfot5VJdPSLGpwbkq59MiUB1x6T4LO282d4z86Rb3LzVIHg8dZjXZ2aE7pFiwp3IEUreQreCgJtQ-3D-3DyAfo_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5os8NhxL9TOu6wrR-2FSbl5VrXDs2vTc27zPKrwE72q0C-2F8nCLoMPhqjWRmy-2F8YgAHSlps-2BB9kjPSfHKqEqEcgrDLGM7s2xyBDZvug1rI4qUoZvC4w685fRihynVLs07pimig-3D-3D); [Squawk on the Street](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhh1aGfGhsmAJ2hzg8fRrgJY6aguGbQ7WDWpgeH85-2FxwQuXJqz165NhddY5qQuJBx-2F6VK2lX3Kb1bwh66zCeW1wIsDsqPF9cLU6lcjGG-2FeOLw-3D-3DTJFM_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5osgPPNrk2DME6AQ9Cs5FUqktHXeUIDmpFGo85WEPrzqhSpm2tDrsq7iqDDyKKdlcOyXBNkPMIbM0gYcnz-2FqzuTr0OIUpT3QTiKmKQsPN5lsSPbbaEG4FZF-2BeEFo3AAxndA-3D-3D) | AI backlog and customer prepayments ($11.3B) show demand is real; pricing power supports the spend. |
| MSFT | Bull (demand) | [Bloomberg Intelligence](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhAhAFg7tJjj260glxTHIFhOVIjGX-2FtjBVRVYChgb-2FHFP82oWkMUliaFniWPHaqJySxq7BsQE3kVTGf7Tfr9BGRarkDTTEm4LAE8ozpor6-2Fkg-3D-3D8Pq2_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oi1JOyLlKp8bZRd9QbsvPh8ttEmS-2FRiIxJtt-2FXnsgy4yjDBIwQbIZC5AY-2FfK-2Bpu1UYtvDrOQyaRvFfu8mwaWAJh2xYZEj0m0Pq2mj5peqxbuoQulwFyi0LEt4fhSoV-2Fqcw-3D-3D); [Bloomberg Tech](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOh2Hfyv50O3RCtzmOOCp4ETtdPym8-2BMlbB9onPZLyPpelilghga1S-2BwCnGTpiauSt17JrBeRLeqfd1cK5sH2gaDcHZl-2FVMjL3MMROOPrDKDDw-3D-3DIF3M_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oiY7DSMzqHsKlGOHz5GDUMS31Ndz8Wzk-2Fkgz-2BO18PEs9Dt6zpTB1WaJRnUWLgFPWfVBqaVCtlJB-2F4-2FR8rJWzbk8qHdyyj95yqNAWKhZQc7BawhkUzHQ-2BqOflQa7aG01dBw-3D-3D) | Spending ~$200B/year to triple data-center capacity from 12 to 38 GW; turning away business due to capacity shortage. |
| GOOGL | Bull / caution | [Animal Spirits](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjm8ZHjnb7KHuYnNkYmINy8p8VFYuF7gXWmlEv7cf8OobZCnjDCLfvKnSIjf3v12TztpcRgXorXtrJmVZBYrtSa0TEKQKLRjv2zaMpDCKZ2dw-3D-3DgaB3_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ouS2VE9h-2FWmNAyNxWG3yw6CeLf4ZbrHTnWm1PgU8rhDYCbqGrb716pi8PZ2Kp-2FCHZX4n8IKGiZeo7VmlcziLBzjdxWlZTDZ-2BnTRH1Vr-2Fd-2FOwc6D9BIFcdMS1WfjhCbw9Eg-3D-3D); [Next in Tech](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiNttMoaoCVnvu5EGNgtZcKhQksU-2BX9Y8E-2Bolu-2Bwt562CEwqW4Od5hPi9PktitDPn-2FtujM7y8p4Kyc1C4-2BgmhBvqCr-2Fwn7V-2Bb6n2oBqbrMZeA-3D-3Drx3a_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ohJVVY92B0rXfANgnGGd3tEJXnJbrhqYNKtmnXHM7BVyQPbXjvoP1DYAWCu0PIZJ8YGGKCtk-2FkOz0Tx8YgVTqEp7N-2F2nhOuvSvUAmUH8rXu2WOrjVmkLUrDVyYXYPwuJCQ-3D-3D) | Google Cloud grew ~100% and TPUs are paying off; but first-ever negative free cash flow, $85B equity raise, ~8 quarters cash-flow negative. |
| KLAC | Bull | [Schwab Network](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOh9-2FlTQ2ayiZwx7WqUuabHG9ybS0ltbwOVnkDh6DQ8k3XmBqCNexnJnJhA0C1Xm7ox050ivGSB1LnWv-2BEsXn3aBfGxBx752rqRlq6B5XcpXHA-3D-3Dll76_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ol3k4MzPurqWdimqUi12Jo7-2BOk3xdqn1jjj-2F0iOg9X2tDomCF4d7IlnNM7pUUxi71Ng1Rogmu1r3WkA90-2FbzRogAvn9V-2FeG0oVMiGWv4D-2BfhTjHLYgzYk2qeUTcsHAM2Cw-3D-3D) | Up 55%+ YTD; ~65% of analysts in the buy camp, average target ~$233.77. |
| LITE / CIEN | Bull | [The MoneyFlows Show](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjYojwfSqKjrq-2BtYbjMVw6KTXCdQ94zrtY0mpc1Li12YJxk2p6POkFRXnVm15ZWqZ0F9W0EOr9z6KKpUq72kwZtEXCa-2B9komSqWnRdjvIiqeQ-3D-3D7BQt_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ol7Bxo9oUZxIutAVefNzfLrsV6n1Ak0TwXdd5OEL60IVY3RW8-2FwDMYoT0FiCgp06gNW0UR14rw00HIMWNRdJ8IotwQ74vw1YkkyPcNfvIA-2Bujda1ExDOKlbQ0BzDSJm7iQ-3D-3D) | Optical interconnects are the only way to move data across AI clusters (copper can't handle NVIDIA Rubin's ~260 TB/s); oversold photonics names. |
| TSM | Bull / bottleneck | [Bloomberg Tech](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi4y8iSQuogHaVOCUuOzm9ZNQcixTgREATNgDdY3j8Imku3sclZDDW8C3TkRi6pufQby3DICm1Kfodcmgf4-2BWHwYSlm9-2BKK2jU4ptSdsUMQGA-3D-3DUri__7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5orJs8kFEBZ7dLn3fhjtMOzvWcn2KUysPfwHJoJeuRp9i9VwY-2FlW-2BKv-2FWmyqJplk3LWgY1yGdLOIwKoYvx04o3Op8nHog884SMdKu9C0t8XFB-2F9wGNGECKpXxzvLgXdkzKg-3D-3D); [Vaughan Nelson](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOggKlkVlsXxPqQoFOWfCQChbIKjHBW7RhOvTbdIoNk4wg04xmuPEtUnuABta9r5LNv3-2B8eD5-2FUld-2Fne9s-2Bi4BzL-2F12UGRQwrM1eBOu3VNAq-2FA-3D-3Dn6ed_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ogvzKh5uQzLNvaTbsTSoekAK8utnzm6QhR9OZ7QtUM2WLIzMrezzUc3sFFZoXoMK2XAYpeWIDV9g8AQtxaRmfoZpFBDsFKjLq1s9wAe47MagwlX-2Fq3KRST3zpzzz175SPQ-3D-3D) | Trying to build ~20 fabs at once vs a normal 4-5; the sole maker of advanced AI chips and the industry's true capacity chokepoint. |
| AMD | Bull | [Market Mondays](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgVhKes7ccekEtwwsQlEQC-2BwBoBpUVRYCF2oUd4Z2h5-2B63sawaOXaXme75CDNMvXNfx4UpF0O99fOXuAVT-2FdB2HPr1UTju7iy-2BeqqK-2B1g5nog-3D-3D4jgG_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5orOVyUm10gcbKQxsykk7702emUoqNroM1mzQ2tFOKrjgYkWluR27rTLpe-2Bb0ecjuiMq26R05An0hfAC-2BnPN6xC10ydcbvbTxRsNsXDFOghgXignOpYy7rebX8UF5IUaj-2BQ-3D-3D); [Chip Stock Investor](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjQRKuuBm1oFll8pPC6ky3gmUSCUgezoU3MA0CE5ra3-2BAVyG3pcuyYie-2F9uVtUdeTgjM6EJ69wDty2nDmksv-2BOqXd9GTux0cZTixXm45WYHrQ-3D-3DYxT7_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ooQiQL4S9ETeNB52MYPEAZeJztrTKWFpUS2BfW4GWe1TdCdimwtCmN-2Bw4MamBAmVwkmEBXKSkalrV0v9yDmgn9tmu76wxc6FrnoNogbZ2-2FZ7qOg2BCzanLY1Enx-2FctOn5w-3D-3D) | Cited as an important accelerator player alongside Broadcom and TSMC. |

## Episode index

- The Circuit, "Ep 191: Agents Gone Wild: Broadcom's ASICs and the AI Frontier" (2026-09-07): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiJ5GvMQG3niXFWzk-2FIk2cIxYY6p1vnqw0ESA6UQtBwe-2FLRB2bl2PNwYD0ZubGFaiuD0D4GZxTTBhShKjoV4GknPztHMRMhxjM7U8LSRIRxzA-3D-3DFYV4_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oh1PCq8N4NE7Eokbd6AxZsf6fLtB5M7XqC5O4ECfWqy5jWDdzfRCVMFaeGMnS-2FQnirgbjw37WtYD6k5unrFz2-2F9-2Fe6oTyrFt-2BNYepJegFQk8vko68ei4I-2FRxV6fQ31g8Ig-3D-3D)
- Vaughan Nelson Investment Management, "Ep.354: Winners & Warnings - AI: More Compute, Fewer Architectures" (2026-09-10): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOggKlkVlsXxPqQoFOWfCQChbIKjHBW7RhOvTbdIoNk4wg04xmuPEtUnuABta9r5LNv3-2B8eD5-2FUld-2Fne9s-2Bi4BzL-2F12UGRQwrM1eBOu3VNAq-2FA-3D-3DWFkQ_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5olEnlmJgxVR8Zdi6rmeH51GI7X5bR5NqpWcD0IxFR6dWuysK-2Bll4MSigAS1WM90qfEfwgyCORcCMlFYSqdnz5lxop4k5x-2FnUbKa3Ff-2Bb9Xk1rctt5bLfQObyB241OJ-2Bguw-3D-3D)
- Chip Stock Investor Podcast, "Nvidia's Biggest Acquisition Ever: $12.9B for Hugging Face" (2026-09-10): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjQRKuuBm1oFll8pPC6ky3gmUSCUgezoU3MA0CE5ra3-2BAVyG3pcuyYie-2F9uVtUdeTgjM6EJ69wDty2nDmksv-2BOqXd9GTux0cZTixXm45WYHrQ-3D-3DGWSJ_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5osTa9-2BbY0-2Bru3BN2Z-2Bf-2BnAXqlXLit6PgvNmxNwh-2BRy0gwJHQzIelDDTrhuo8cf4KHtTTLDDvnd2VXf1znYyMh9oOwDz3Y-2FnnmnsN-2Borc5YM-2F-2FdVwTNfX-2BjCdU12Ujp86Yg-3D-3D)
- Market Mondays, "Nike's Collapse, Best Stocks To Buy Now" (2026-09-08): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgVhKes7ccekEtwwsQlEQC-2BwBoBpUVRYCF2oUd4Z2h5-2B63sawaOXaXme75CDNMvXNfx4UpF0O99fOXuAVT-2FdB2HPr1UTju7iy-2BeqqK-2B1g5nog-3D-3DfcCS_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oqXRtyr3n-2Fet1ODsIyO4KfEh6d4bv6Ve78UX4IiayNI4lOkFFMqNes0EQnUCccFLkcRV-2FI7Iah-2BQWyWXnsiDSYcrqZVp-2FrOSqAWwoGoFzAvDxK4sSv40IjOX3K2r0A7sNw-3D-3D)
- Bloomberg Intelligence, "GE to Buy Consolidated Precision Products for $11.75 Billion" (memory/storage segment) (2026-09-08): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi28YF7r5NnUfSa3fN6OGvgibjTDMoe9fQPdOHcJllDz-2BcgIwW26N-2BQXyUeBMsgXJ5fMtMVdY09eASnZd-2FuSxZEgJtWT7wO0IS4Fioc59hqnA-3D-3DG7Pq_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oj24Ogv-2BilOIRjKrbYXkn5cB62fnHTB0B-2FFk2yI7aYctg2CMQRpgiHAgX6cIK-2FR3CRr7aLDDTfR0CmS3YoqtVHciZbp2JIPhmUZtsdYMVkyymv-2BLPaNbLIy-2BLWdg631Tbw-3D-3D)
- Bloomberg Intelligence, "Microsoft Plans Data Center Push to Triple Its Computing Power" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhAhAFg7tJjj260glxTHIFhOVIjGX-2FtjBVRVYChgb-2FHFP82oWkMUliaFniWPHaqJySxq7BsQE3kVTGf7Tfr9BGRarkDTTEm4LAE8ozpor6-2Fkg-3D-3D69Wm_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oqi7BDJojtALbcfzxuUjAl6RyIss6IxyQm6-2F-2BocUf0r1DIM1SYaTRq8MPc9z3GmCebwm-2BCKyzw3-2Bcpx1kik7-2B8xv9AAy7Z4EZx83AZ0oVmy5TsSg4vI6Fw-2FbxDG8jSgDiw-3D-3D)
- Bloomberg Tech, "Oracle's Cloud Growth; Debate Around AI Risks" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOh2Hfyv50O3RCtzmOOCp4ETtdPym8-2BMlbB9onPZLyPpelilghga1S-2BwCnGTpiauSt17JrBeRLeqfd1cK5sH2gaDcHZl-2FVMjL3MMROOPrDKDDw-3D-3DbLG7_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5okxV7ZmjQi-2FZeNbzaDoifHbjDVC3C4zQwUcv4Zr3ol-2BSsi7un3ux0CrpnrVyXrb9Tbdp4U5-2BTKWLb3YsFzriQMfcVOZn4mUplLTvzRzZwftuaAnnSxfmGNfe2xcC27w94g-3D-3D)
- Bloomberg Tech, "Apple's Ternus Era Starts the iPhone Duo" (inference/chip segment) (2026-09-10): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi4y8iSQuogHaVOCUuOzm9ZNQcixTgREATNgDdY3j8Imku3sclZDDW8C3TkRi6pufQby3DICm1Kfodcmgf4-2BWHwYSlm9-2BKK2jU4ptSdsUMQGA-3D-3DPy2H_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5om6JbOyooC0yY-2BLtB9szX3PTFUYVCJTyKKXFl0AocWV35BM4gggEdqSD4MEYn33TV2cIqkFpk2ZGFLuSkoeWzkMJz4-2BpVZ1wWKlDBgQ9eQJ9dzKRp4PEFRROV7sOzmKlCw-3D-3D)
- Next in Tech, "AI Capital Spending Impacts" (2026-09-08): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiNttMoaoCVnvu5EGNgtZcKhQksU-2BX9Y8E-2Bolu-2Bwt562CEwqW4Od5hPi9PktitDPn-2FtujM7y8p4Kyc1C4-2BgmhBvqCr-2Fwn7V-2Bb6n2oBqbrMZeA-3D-3D121w_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oiKeEVVg30Qt1j5bxhr0IeopYh5FVBp6Fqcm2Z55kchMJxC9SUhpSfkWoriviw-2FwZxzsIBPqNAtCc0ouFS4wQPt5Fpb15fVDTwgkLUo6w-2BNnF07W9Izcz3CWRm1UZC2eCA-3D-3D)
- The Economics Show, "Will US debt burst the AI bubble? With Ruchir Sharma" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiA9TEkmWO9IQBX8TPBMeMvu-2Brf-2Fur-2F0THj2y-2BrOtiFPC2xPTRDUDbnEurt6awsCwjtsCm3BUqMyHqm0k-2B5ZXOYK-2F4v5-2FudXPF5TvOgp2PAzQ-3D-3D20LL_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5otyIU8DTuyDT7-2FVDqGNLO9X-2BMBjo8qad3KM2xkq2X2-2Bh3VDjrcq5FJi5-2BixV2fPtwGZs989DAjQhqwmW3VeolELeycXBR7tcGagSD-2FNC0-2FFoYUnQhjX8AlJxvAMX3ou2Kw-3D-3D)
- The Compound and Friends, "The Most Interesting Macro Moment of My Lifetime with Jens Nordvig" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgAJ4kxez8GkgeZluc82Azo-2FXB6B3nvLaroYVo0Yz-2BkGx4yMIn7PuZhSWR7QmwFOXQ0ytFul052o-2FRd9xL4ia6sbXezAr9oVLgvATbYbp1veA-3D-3DZt10_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oqZQIQZeQIhI7quCVXaCfuRKLqr4dx0HBc1LPXnf91EmOLkWzN58zDJ5pHxULk7t6Exjn-2F7Oo9VqjvHoxCM-2F249qFsfG3DKqiYKhRGNIXUBoebi9rnJimptidkt0nKnIQQ-3D-3D)
- Rebel Capitalist News, "Big Short Investor Warns Of AI Bubble Causing Recession" (2026-09-09): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg2qQgxiDdfN1d1W-2BOVSM6dHw86c3rShxvh3BJaApDveTldl3mSXjLxPphO8iRNVVHwdcq-2FEoYbrL8VmUulFAdmu-2BHvxTMexDRzVxNGSX8M-2Bg-3D-3D31LU_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5osVGffWcrK2GVf8gLdW9LOt3iIuZkulhtRgK7eN8e8kLuv8DMiHc9wmlqnKS1LrpfVXNzORou4mV4O8YvXTGl60cdABY3P-2BUUs08KiTEDCkoekcm-2FT7cDVZZ00gUrKKMYQ-3D-3D)
- Better Offline, "Managing The Situation" (2026-09-09): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiVLPSccpZq1zt6fmnsboEjBsmEbx62sXfXKRemrY1s0wgY4rqoFypH81bDxh-2BBtYQdEaiGlO6pJLq35HX7nYnkPpsByUFseK8yVXUS9yCkgQ-3D-3Dmmrq_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5orU-2B4FJ-2B04wL9woDfT22SrvzllUOheofAPEofvDpzEeBlvjcFNldPV4t9XgigTSHKUwz-2BYHJ1rOo3bpu3e0dec5kjJLslboqom8N2Qw99dkjX4exG9Kj49umjZb-2BFKI6KQ-3D-3D)
- Commodity Culture, "The AI Bubble is Way Worse Than You Think - '2008 All Over Again': Jay Martin" (2026-09-09): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOham-2Bh13YJL1kRRWQuSXUTnv2HCzPQTc0KBf-2BThBaEG3UnRsiOlY6PtuEXjsFmZFknhoi6fzKtq-2BW5u08OD7z36RiQp1E7ocxghSBp9qr7-2FIQ-3D-3DqVpt_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oo4MZXLaXXtXehvnuN5pvYQtEIvOopqRXBKK-2FI-2Bsv0oiNcX22LKQMskHAAPWwkM2wauuOslAncjJ7Lpx2ppnolMhgnpEesDr7BwrqtiEsp1LUip55r2D4y3A7o2uY26PeA-3D-3D)
- Merryn Talks Money, "Markets Wrap: Bessent's Big Bet, Bond Yields and the AI Bubble" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi-2Bn1nxhQlFkuSaWyPEEsjZLeT5sbCXqrV-2BDMcRNjHTnDJz2iZAwuKJaKCGLiNYg4iclqtqgsXuWb4rjdjH7Ye-2BB5UFGSUK9rOzidRHez4czg-3D-3D0lqy_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5olWZLAIKvo0-2FC3-2B7fBM-2Bj1kHpS4C5Y8l59tY51vnEL81BUOhfJIK5slY-2BK47ok9EN-2FoT1A5CTmp5rCWJkkWmIA9EuwtqlHSzhyOTWf9ndUvIXPRPqYx-2BV9b-2BaysCT28N-2Fg-3D-3D)
- On The Tape with Danny Moses, "Cameron Dawson: 'Always Remember, Price Leads Data'" (2026-09-10): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg1kXOhYs-2BeycCaiFiHJzLI6zJEBJ6iMIDcXWGSkqHolxH1ygZGTUn3cbL7xncreRCvc4kL2bLJ3ooFaDyib9vcADTIANe-2BdOxlIbn5kG8oMg-3D-3DGiEx_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oguAt9MPWg2r7M4MA5t3Lqnavg3AyA3503kg0DG38kCNRsHJzjEFr9u8vxMuznyxmSF6j9gnojCDOpuqfV5HH2crwXOolxp6knr7XA3DCofNh-2F0rpZlrLX-2FpFT6QBzR6-2Bw-3D-3D)
- Full Signal, "Top Investment Chief: 3 sectors to BUY for the AI trade's next decade" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjEFMCYuq1uHLHg-2FdruGsLh1T8497jFaZluE6LdVYJA05vw2QS5mVKf-2FzpAuEqxntsAdRSs3oKztdPuTPBDP-2FpK0bQTIJLlIchST4fopE3GrQ-3D-3DDxZn_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ovF11EHGmD3fHHcc1Yfzgi1kfiH6qq-2BpLGlLBa1AjWELiHlTtFFqwekrEE9Dw46GDlyIltPwONFYxiE99FIjmQGhDJ7mvSXSof6zQlJh46kf303WmmZX8GjiZthsF6eoeA-3D-3D)
- Futurum Equities Podcast, "The AI Doom Post Passed 100M Views. Power and Rates Are the Real Risk. | Ep 56" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhGiaQInKXrS0abKYFYeXl0a4j6y84-2Bz4P6IJRnIpeAv4iNT3uMhsm31RYHtwWvTgIkeh4AB2N5PLyqo4SM8jeplQONpvrQT4v4Ca-2FDO7ZO-2BQ-3D-3DwzCT_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5omDR1NbogOH6hCWdHuYcdMPvuta78mslaquG-2BkU61P5w3cmcfsdzaruPrOAPF1YkFPy1bvqumEgqZsNhM7woQyTDcXZoMBC-2FaaMkGbllpQO9bb1U01DsnLY27IpbqfZHvQ-3D-3D)
- CNBC's "Fast Money", "Oracle Reports Results… And Mortgage Rates Top 7%" (2026-09-10): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg62bXMQmIlMyjDn0xX6xepaDHuZQoLhSnLBjG-2BR9-2FPAgPLXzWC7UG8VcBtxBRH5R-2FsYNGpwjZCmNB8s7SHzw9krwFykh4gXn6JYoQSTCZt-2Fw-3D-3D6Nk6_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5omRaI-2Fy6CWuWor4-2BoHIQfLKrtzSqovc-2BtHTRxHHoLcsTI0lrEYpgacwTLctypqbTtUvf7uggmceZPxuKj-2FzV1E-2F-2BUU5ysIyE5mLABOxuEUoT1eMw6Ach1Ct5GE4cx0A4yg-3D-3D)
- CNBC's "Fast Money", "Meta's Latest AI Agent… And An AI-Powered Hedge Fund" (2026-09-08): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhBu9adelyGYUDyJyWreeX-2BHOyoKlYKRC-2Bin9TaHNDX5ICIhXqu-2BZvDkg36FKVtu-2FMgm0TsOvmYyafIWYty5dZIslKIO95Kn4jmi4WxziiEIw-3D-3DoWtr_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5opEzAsxDwddVG8qOgQ2ihk5JDNcirSOVJOfQfdWCDZ7ahSsJatTs5g5TbsW4G9ptxNZmVm24KivI09Iy4IWvEZkZHHcVIbYFN6cyvQiK6dZ3nN-2BrLkuau5mXv1mvByPCZg-3D-3D)
- Squawk on the Street, "10AM Hour: Oracle Earnings Reaction, Situational Awareness Returns" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgunTKUSYDUCNfc2MTcu-2BlAvXck6GmjBZVb-2FtlQmH6JrdKyXee-2BASilZnr-2FY-2FgOJqIzUZB-2FDDUrKP1sme5QASGd-2FWb3r-2BFDZZMiTIVi4YsHLw-3D-3DmQ6H_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ohxWniOPCyqY5EuNUoYmthaeTrwd9PIx00I1gUjCOx9M1pDpVViMWSAibZ-2FJBSlD96LWXQtZPKGW5ve2vO05Fjs1ZPvKum-2F05XEwvgda-2ByaOtVvRuDdZFLvHhNVOb-2BAR-2Bg-3D-3D)
- Squawk on the Street, "9AM Hour: Inflation Watch, Oracle's AI-Fueled Rally" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhh1aGfGhsmAJ2hzg8fRrgJY6aguGbQ7WDWpgeH85-2FxwQuXJqz165NhddY5qQuJBx-2F6VK2lX3Kb1bwh66zCeW1wIsDsqPF9cLU6lcjGG-2FeOLw-3D-3DJo2U_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5opahJBfo2pdwfP4Xy5ykJCWPE5nYCmfXfypDKgszJI3mZDbAoJht5ea6sYUVojDRz5aFqcmbivdvA5CE3-2BAv4XrXYJfi2ZCqRt5oELEtoN69Q-2Bw4hn-2B4vJProTyY57gFTQ-3D-3D)
- The Rundown, "Oracle Rises As AI Backlog Hits $664B, Adobe's Earnings Beat Not Enough" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOij-2FjR-2BhXF-2FC5jO3dbPYIlCkKS7PUP7mutfot5VJdPSLGpwbkq59MiUB1x6T4LO282d4z86Rb3LzVIHg8dZjXZ2aE7pFiwp3IEUreQreCgJtQ-3D-3D-vfI_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ojXP5fJWDno-2BIadH5sxfP-2F-2BMHinlbnHVMS0Vl-2FOhQ-2BQJNbeoxMBfVfK3xNWLlaW9I9Q0MjPDdJSnZvIEVZXxPS7YcB2fHE8jB5w-2F6jZUgcSXELI-2Fr0bkRnnnT5BbszlQFA-3D-3D)
- The Information's TITV, "Oracle Cloud Infrastructure Revenue Doubles, Blackstone's Bid to Rule Over AI Financing" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOigpfsYoudU4oKt8IvTxYp2Yss75-2BlsCcoNBb7-2Be-2F3RyUGfO9GHUOD1cFFOYpMZTsKuX513AO-2FzKPxMPJCvYX-2FCH0RHw0jdZ7USW-2FPnI-2FEPzQ-3D-3DnPyY_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oqFrREDIbbPo2iyfmHIXHIb3KTZ5gvRcdERGcgpOaRTswPNpcc3eUfciCtSbgQQl-2FDcwPy-2FR2VGY6NS3D5Uo5wgpedOniEl22LNZlx6xfCHqXnpgOTBVTkuAR1Hq6i4IxA-3D-3D)
- The Canadian Investor, "Data Center Revolt and the Best Ways to Invest in Pharma & Biotech" (2026-09-07): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiaahQM5lup54lt-2BQbe-2BO3rNwCM1f-2Bv6PnbhOZ-2Fkf1Vf-2B-2FLgKdRME3nXnQ2CZ2S-2BQ5DPy8AviCW7C7OwwWOqAh4vPct4Q3SPA5LVw1YTNMxEw-3D-3Dwpft_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ojASZXHvP6uIOLgkHKKNhL5aOo8RsqsbVkauXSfahfLZlbrrM-2BESZw5EGan6icKsUUxbgYBjkZCRcUNmvf65a2-2BD6VhZ6Ml-2BrQu-2FdaSir0-2B-2FUmzZUeIcWJ4kKBpvpgMvWA-3D-3D)
- Interchange Recharged, "Speed to power: data-center load growth and C&I solar, storage, microgrids" (2026-09-08): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg0QfNr2mI9qNzU5ADdeWE3JUY8dzT7pmock-2FTa8-2FydeghCfxQh3BekNAFqhxCvAeqAn-2B7cDEfoN-2BBKzsbztvwAs-2FoeTDXTddCpWWFuGYJiNA-3D-3DW2Xh_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5otZhMCFEvl7vhqEzXq9yvejvGukPzUfEJ35-2FZHWu4T1kkN-2FnThd3wFGk3EBPwYWARyj82ZZFCFNq3gP1wIbMmoX8Ji4KKPUkPcaz8GJZ5Xk4PJTNuYKsnf-2BZvqZRhWFUNQ-3D-3D)
- Growth Stories With IBD, "Voters Revolt Against Big Tech: Who Controls The AI Power Grid?" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi7CEsZXORW1d-2BuBZWklJ4wsPvDlAeY1wBxxfGuDvLWLpyJckhEdBpnXfPrNF4nKesecPkbA7MelRPaI28Ri7MaQO4GMuYKY1cmxArKC-2BGPtw-3D-3Dz8gd_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5om0WreFUx-2F7qvVcjoU9Fg-2B6pjNF36s7j2btOxH1xOGpX-2Bd5NBYEYvByzE9mKlsGh1E-2BYLsT3TtZz5ZWnEnwncqOCpWGHF9PuaCUtWrQnziB33uTbsLJr8b8dJkYAWIXnwg-3D-3D)
- The Data Center Frontier Show, "AI Puts Fiber on the Critical Path" (2026-09-08): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgp8kZDmRgZuCqjq0s8feg1R0-2Bj0z8M-2FOsWXtssYuqyD6lTMDxXqtqr79bm1cVlMnc9fitmrUF9DycckMj2xxq7CqpqNbiqxJ6Jx0WRlP0RgA-3D-3D_LL2_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oiKW8Ln8rPRBd6V4gxYrB4JG7CtgtHmpkkvIJbDR6J9d7WILB8ni9AG5Co0ByGC4UlgjF-2F7vbVLcNYoux5xAw7Q3wCza8w3ODLtjAK1ykOZJykp4Pq0g8oJ2oPz-2FdTMs5g-3D-3D)
- FMI Built-In Podcast, "Inside FMI's First 'Energy & Power Overview'" (2026-09-08): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi3OAocIVnHEPlyJs6hS2oHft3jmNYTVr-2B9rPC81c3gRRvzGPrrkj5qM31F9-2BYfYAz6xQ2Nsye2WLPHzn6Tw7764aBo-2FbJXjwdxLH55MCcuEg-3D-3DuizN_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5on3k-2BwxXT4EWRD90H4W-2BfpvY5DIfU9K66Zs8TjBRuAlB7XDPnrgOeKOzLZeOZA-2BHSN0-2FLhbMmF-2Frbu7NrDIwcixxXboGlxGe7IFi88OCUwG2-2FOMIYq-2FdTWsYwBXsTzQsTQ-3D-3D)
- Capital Decanted, "The Prisoner's Dilemma: Investing in the AI Build-Out" (2026-09-08): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgN-2FcBznWGJcPZBXGysCQ7YIK6vKtL2dbxBHeVa7feqFBjxuhry8bpfEFNf4rf0G7ntKXfszmVyrROomreBU7ej0SlurxrerTtNgUGL8bi7Dg-3D-3DMej4_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5os8VyR2A5qH4QwqqsLgQGU8FeUALEDd8ddktclqzTEeC4p2BK5bCFZlE8vx3Zv9sA-2FF-2B6X4eXD3lR2MixnwyXMUydAhtZfTFnWwMlUciHnZ2nh8oQhBcdLZsIdrRH9csIA-3D-3D)
- Develop This, "DT #691 Data Centers, AI, and the Future of Economic Growth With Gene Marks" (2026-09-09): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg1kXOhYs-2BeycCaiFiHJzLIh569E67dFON8dVBDAyC3vy5uAtJNmQHsDzUhbqkFOyjtFc-2FGZ-2FfZaVVx5oo3NSLvhfoU2uuuHY-2F0hzMWk8X3rQ-3D-3DLFPF_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ohIaJSol9H6FsxRKB3pOkygoEv-2FOvrc3sVIZChpawi9YzxdcQ1xrJgToxFaXnjyMgBoZKn8l3Ra1Ej8pfikbIgPw7H2-2Fd-2FriJhw-2FLxVUs-2BNoa0-2BWYic224I8tZA-2Blcl54A-3D-3D)
- The Pomp Podcast, "China Is About To Catch The US In AI | Justin McAfee" (2026-09-08): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjHSLairmNlOXKsxD5IJ-2FmsmlN6TuzQwqx65VGQjEZ5hLT8bY-2BPc00ieLEhxigcC74BqOB1h0rmV2BCWlUlVucdZV6-2F-2BHFhUDTeqLFM0uVfnA-3D-3DqtWI_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5okeNpu5j2OWxs83cDCOzoV-2Fm6HFTmzRmj7NrZOnh-2FPehb9e0FFq6RtglA473Qy5O8j7VUOAN7t0pZQyB7cQvfWujaKIeNtEZmN5JkuSpqrjWO1xxd2diFjmyWWxSWro6GA-3D-3D)
- The Deep Edge Podcast, "The Hidden Cost of AI Inference: Token Pricing, Egress & Edge Architecture | Ep 76" (2026-09-08): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOg5FbHb6oydHp5GrKKIs44UvTq-2F7IDbor6vkmAPXpXa7T8d0oEmJDcMqTveefp4eG9kyVj-2BfMh3CWdzcx0DMKBvwTXTt2DEiUVEVBM-2Fu7LhWQ-3D-3DhQT7_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oq8YqsfOZVWP7crjwWJG3EhpkBBNpiyJbgRkrxIntUxGKC0lHyTEJ-2FLaGJ2OPftrOzgD5wurnZ5Nuls3KvHzBdr8D4ojHWcvx9IDukEUdvyLUJU2YdDObKspCPUSC1S2AQ-3D-3D)
- Tech Disruptors, "AWS on Managing AI Costs and Enterprise ROI" (2026-09-10): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhvIvUhXCj1xMaYbrFcTnScoITaEYMfPwvxeQg37L4hOnlcOlJgJPcz-2FEd6Som2uW4q-2FVNAcyTFsTh-2BpK9bJkIXOsL8fI-2Bibx-2Bg4-2B2LzVepIQ-3D-3DFiRU_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5opXMjd-2FP9WviCrQlvguuYsG-2B08pY6TShH05PWdMZxw6hmHSe5Rm2QTjVpw2cvA7pNCKd4VaOh0q0B9955mFv-2FkRLPwrfHZA8b3-2BWKLdaHHVZ7vZe2mz4BSvE4eCpNMJBbg-3D-3D)
- TFTC: A Bitcoin Podcast, "#792: Insurance Companies Are The Next Contagion with Nick Nemeth" (2026-09-12): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiCgrIagcq9rWR1p8uhqnYp1PtrBRc6QOr-2Fdtr7RTx3JietFreTwTCtAeHjSs8rYlx-2FWgs4Dp7w-2FsmpJuE988AA8Wh01yTUnbPPRhaNMXNgbA-3D-3DYU9S_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oty8vDCAOcv3SpoBDaOYRsYFaBlLZtD5fGerC5M74FDgo-2Fyw-2BZEUdvNz82DZ27lZwcH4n-2BfCrBEbgsHSTN0ZR5e0DM-2B7ROX3dFtWNHi6KDE3SRX0E0wckQ2SL2xzuG8DMw-3D-3D)
- Top Traders Unplugged, "GM107: What If AI Actually Pushes Interest Rates Higher? ft. Matt Klein" (2026-09-09): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjVLfmYSAGCluSTFQQ9-2FoAUhS-2FqX3C8SNs5IQrR66J4nKU0o8GFpf9-2BXFL-2BkRz2gIVwwK8RtkZpPXz2aK5vEaNf3NkSrvjgmHMRzsWuRbkYxQ-3D-3Dt-iZ_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oim-2BuXYMDjuPe9a5D0kR5VkFnokVavQR8nJ-2BUWZT11YNcMvz-2F36v6-2BAbktvj86KXF6MFrJrms2fygDBrvnDQvHkDJmcL32iUakfvSjgBAg-2BF-2FTG7OBlzy-2F1zQQhtI9GNEg-3D-3D)
- Cisco Podcast Network, "Cisco Optics Podcast Ep65: The Tradeoffs Shaping the Race to 3.2T" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjJ-2FhFhNuXk-2FCAB5oZAxlLM-2Bvc-2Fc3AJwQBjRc6adPSi-2BGzV44WgneiwBTHObqtEB4ZgI4akkdQk0dQd3mb-2BFgVxjrJakGiRmnKQxPRLuOHTwQ-3D-3Dg9U6_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ot709ycqXdLxQQmfTImT5t4iJMwvBstw7yG3qSqjppLM4eNcqS1qEp3XyJsYazdfi-2BwxlL91ykwbu3cWfqa-2FzDBMlqWxAk1KtHwc-2BVUTAiuI94p6WylSb-2BDw-2FsrulFVlDQ-3D-3D)
- The MoneyFlows Show, "Ep. 41 - Optoelectronics Fire Sale | Buy 3 Oversold Photonics Stocks NOW" (2026-09-10): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjYojwfSqKjrq-2BtYbjMVw6KTXCdQ94zrtY0mpc1Li12YJxk2p6POkFRXnVm15ZWqZ0F9W0EOr9z6KKpUq72kwZtEXCa-2B9komSqWnRdjvIiqeQ-3D-3DfSPb_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5omiH8tiEO8-2Fzs0G-2FSKlunSCM5P8sV1GD-2FTApKWCRAzjnePrhHmcs-2B1CBnDi3rGZVTwaCqGcIcycPNjPXhU2zUk2-2Fs-2BjFUF6BCF-2B5CsCclzdsuu0lACxmTseFj20E4ljZKw-3D-3D)
- Daily Stock Picks, "Broadcom ($AVGO) can it double by 2028?" (2026-09-09): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhlDJSKcZYcIvmSFFztaXL6h3iCxGb3y9bqbvpNH7ecAwZgcyxNV-2Fw9ijm-2FrLAJO1K416ow3n5fHxXgzktr9Lt61LLqlyRi8hQH5OA4rh13VA-3D-3DJima_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5olRYg2VzbdF0fjToJXl1gUKI2rOLVmmAi9YdBZVusyqK40BNFnQMjUBSpfiBPkyy9kXnZPTXyXE2JtWVAtBL2wzD97YsoDDUfCcsW9dbzUDCE9BOYRLPVk7YKGbNS6WXNA-3D-3D)
- Zacks Market Edge, "Do You Have the Guts to Buy the AI Stocks Right Now?" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgSQzkKsQQTJq0nPfjf6HCOTtisP4qJzc451pWaXEh6LayBpkSgo-2FM-2B8Bg2frnlRp7v3wriYMnyWqiahZ3IV6AYA3iutgIIPbE4aRJTRzPKMQ-3D-3D0fDq_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oinoKW-2Bpf6518AQbyj5v8rbVetPm3P4zUmBXBE3tNnDsNAZd9Jm6kxBskzxhipMOfbD5tnlOU7LBanFIpBibExOVkOf9CbPb-2Fd4vgieXbZ50oTmWr2JUt6RkM4r0Tk9grA-3D-3D)
- Schwab Network, "The Big 3: QCOM, SKHY, KLAC" (2026-09-08): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOh9-2FlTQ2ayiZwx7WqUuabHG9ybS0ltbwOVnkDh6DQ8k3XmBqCNexnJnJhA0C1Xm7ox050ivGSB1LnWv-2BEsXn3aBfGxBx752rqRlq6B5XcpXHA-3D-3D4EYI_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ogGGP2kXgDAsYci-2FP5XFe-2Bsdkd3HtUG-2BtsBZ7mUwSqw2o8MYSMyyOETwMnbe7JG6S15uJ0jkuPJ1vtpssxg1PsUgaWKGHyUHzsl2tUUDh7HlGI13UCU6J-2Bp6X-2Ff8gSoiVA-3D-3D)
- Schwab Network, "The Big 3: MU, ORCL, AAPL" (2026-09-11): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOgLlRaZrlseUrw-2FqakaFAUDgmTUpzJGIZ7ekAs2f1zM1PZ3Q37I3JXIfvxNlWN3V-2BfcVwJTcQsapTp5LeOUnV2RI1kWoFsYSQpKCIRNx6aXVg-3D-3DiB58_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5otwDob0GQNQTVYYEO2Y-2FFEEJrD4y6QVa4Bc6Rrt3GZjO76dnhUQdSmw-2B8ulqMxK1u2xyJTDAIHiR71jjXYlSjW92LNWJLn74GMrK8g2SfNnevNrWooHlgC-2BSsBwhBJq8Nw-3D-3D)
- Animal Spirits Podcast, "Talk Your Book: AI Winners & Losers" (2026-09-07): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjm8ZHjnb7KHuYnNkYmINy8p8VFYuF7gXWmlEv7cf8OobZCnjDCLfvKnSIjf3v12TztpcRgXorXtrJmVZBYrtSa0TEKQKLRjv2zaMpDCKZ2dw-3D-3DMw7F_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5ohIeIZPJv1Z4ht3iKZR6BAzz1TfQmuwrn3VxTMxTWfA-2FEeYfuMmoU1a1lAGJoZ-2BY9QrnO2q4t9alvu0QOflGmxh84H9yNmqdtLW3nAXFwTcM71zeeHLCg1UKe7rbw612Cg-3D-3D)
- Chai with Pabrai, "Mohnish Pabrai's Session with Copenhagen Business School Investment Club" (2026-09-09): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOi2oaLzgu5u0spP7JfFHUBCFwT-2B1QTLfngwRmwaJa1RWnEJ-2B1508ClolSmiWW-2F3rHi6gXwRKXY4PxDgPBJA9uwe-2BKuAWJLDAdHCbY7b7wt0ow-3D-3DManM_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5oqUehEv1eeBn7P5OHZVKTwzRJlZ9z-2B-2FU-2FVb8L2efGYcrtCqIUTQXTVcen3LdDvW25A1C5XlQn-2FYl7AjrF3fNF28n2oALFy28039iiubBFQ-2F2mo4iI9q4tVSUFWAujdIOPQ-3D-3D)
- Hudson Institute Events, "Strengthening the US-Japan Alliance Through Semiconductor and AI Partnerships" (2026-09-10): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjjcty4zvGt4L-2F-2FY6R3MRO6jlp1J-2FhiMpI07ZNHMg4Nos8eYUbwpnKCEc6529DPgNUez2wfLzgm7Yu2fvWbIe59Uck5dLQcPUpOoZQTd82vsA-3D-3Ddgx5_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5onvQ9NhStyoRf1LdQ6C13hqz9gZUsyDxWwHJNZYyfyVcE9NkEH2F-2FaY4luTwXqRB0IfsPOJ73V0dnbXlqM4NXntEA2ublFVzcYiUQ3Nu2vLDSlWwJxgxzfq2DJQnDAADeQ-3D-3D)
- Animal Spirits / Embedded Insiders, "The Basis of Battery Systems & Hitting The Memory Wall" (Micron HBM4) (2026-09-10): [link](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjchbVcNES651mOseX-2BzzpeCkUSr78KTAhodHhw89lLxJKxESFzc-2BRakr-2FZzF4G99ObDWnRJVV5DVrhX5OOX-2FrC7Rt0NtnDK1Uhb27pXnCyUg-3D-3DR2Kg_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbX1wbWkaVxr3MDCQ9PkK9HSGbIB3UP2hRBqG9HQYdi5opsbXKOL5aOoar0MXmDQOmaG1nu-2FidP83XUfrRSF-2FZfYIYdWJl5WCYOga5-2BjviLIwSNT-2BRbg-2BFKI0oY3l3HW6ahIOppPG538mSMaYNjBx0zB8QZ0-2FWfFhMnE539FGIZX9g-3D-3D)

---

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