Hyperscalers are projected to burn 1.4 trillion in capex annually by year end
That represents an 89 percent increase in spending from current levels
Median AI infrastructure stock P/E ratios have hit 26x the highest since ChatGPT launch
Hyperscalers are currently allocating 100 percent of cash flows from operations to capex
Q1 2026 capex hit 10.1 billion with 7.7 billion poured directly into AI
Share buybacks are being gutted to fund this unsustainable hardware addiction
Banks are tightening standards as free cash flow turns negative across the sector
Goldman Sachs warns we are mirroring the late 1999 setup before the market crash
When credit creation dries up this entire infrastructure facade will evaporate
The rally is built on leverage and cheap credit that is rapidly disappearing