Mostly About AI & A Little Bit About China

Investors have become increasingly discerning when it comes to buying the AI hyperscalers’ stocks. Instead of investing on faith, they’ve been assessing company by company whether future demand might be huge enough to justify the massive capex devoted to data center buildouts. Today, Melissa shares her analysis and reassuring conclusions, informed by individual companies’ capex plans and their revenues expectations based solidly on presold compute contracts. … Also: William discusses the Chinese government’s vigorous defense of its export-heavy economic model. President Xi’s swagger doesn’t bode well for the trade talks he’ll soon be having with President Trump and European leaders.