If you don’t think the so-called hyperscalers have jumped the shark on CapEx spending, take a gander at the graph below. During the relatively sane interval between 2004 and 2017 with respect to stock market action in the tech sector, the median tech company reported CapEx at a modest 4.22% of sales. Moreover, we think […]
The AI CapEx Boom And Circle Jerk 2.0 (Part 1)

