If AI labs are slowing frontie

If AI labs are slowing frontier model releases, why are semis still making new highs?

My take: the market is shifting from AI hype → AI infrastructure. Even if models improve more slowly, demand for GPUs, HBM, networking and power keeps growing because enterprises are only beginning large-scale deployment.

Curious whether everyone thinks this is a temporary rally or the start of the next capex cycle.

Nvidia Lifts Buyback Authorization to $235B — Who's Buying the New High?

Nvidia closed +1.34% at $233.95 Friday after an intraday record $237.88, market cap near $6T. No fresh news: the board added $150B to the buyback, authorization now $235B through Jan 2028. Chips rose: AMD +2.95% to $633.91, past $1T for the first time, +196% YTD; Broadcom +3.35% to $355.14. Intel alone fell -0.56% to $119.33. Bulls say $235B of buying cushions the price; bears say buybacks lift EPS, not next year's data-center orders — which $6T already assumes. When does a buyback stop being support?

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JudyFrederick
09-18
JudyFrederick
Enterprise spend is still early. A lot of teams are stuck in PoC, and real volume buying likely kicks in next half. Feels more like the start of a capex leg

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