AI-related CapEx is bigger than every CapEx cycle in history.
All previous CapEx manias have resulted in massive write-offs.
This time will not be different.
OECD Economic Outlook, Volume 2026 Issue 1
Under Pressure
https://t.co/ZD4wVHXk4L
see chapter "From energy shocks to stronger resilience"
"StatLink" at the bottom right of the charts provides the data in Excell👍
BofAI: Data center construction creates a resource shock
AI data center growth is increasingly shaped by energy supply, electrical and water infrastructure, and critical transition metals
The Ferrari Luce is quickly becoming the most controversial Ferrari ever. Why?
"The problem is that we are living in an era where the nostalgic approach is very high. Everybody's looking at the past, not the future..." - Ferrari Chief Designer Flavio Manzoni
"It's not that we're taking away something, but we're adding a new choice, which in some dimensions is unambiguously better. And in other dimensions you will understand them in terms of what is lacking. Perhaps it was reckless of us to do that, knowing that we will in some people's eyes be destined for failure. But I think we also love these absurd challenges..." - Jony Ive
Full answer here on HUGE* Conversations:
🚨 | Luca Cordero di Montezemolo on the new Ferrari Luce:
"If I said what I really think, I'd harm Ferrari. We're risking the destruction of a myth, I'm very sorry about that. I hope they at least remove the Prancing Horse from that car"