I’m less interested in today's AI headlines.
I’m watching who is still paying for compute.
Meta is pushing custom silicon.
CoreWeave is raising another $3B to expand.
AI cloud providers are still raising prices on scarce compute.
That doesn’t look like demand disappearing.
It looks like the AI buildout is getting more expensive, more customised, and more capital-intensive.
I’m still holding $NVDA and $MU .
The question for me isn’t “Is AI over?”
It’s who keeps getting paid as the spending mix changes.
#market #stock