Someone asked Milton Friedman what causes inflation, and he didn't blame the usual scapegoats. Not consumers. Not producers. Not unions, foreign countries, or oil imports.
He blamed one thing and one thing only:
In his view, inflation comes from one place because that's th
So Broadcom's ($AVGO) earnings might be hinting that AI spending is peaking. With crazy high growth already priced into chip stocks ($SMH), a Fed shift could squeeze those valuations and pop the AI bubble. 🚨📉