Cash flow no longer covers the AI capex bill, so hyperscalers are funding it with record debt:
Hyperscaler bond issuance has soared to $150 billion YTD, more than the prior two years combined.
Citron is absolutely right on this take in regard to Amazon...
$AMZN will hit $300+ within the next 3/4 months without a doubt.
Many overlook the fact that $AMZN owns 18% of Anthropic which equates to $114B+ in equity.
$AMZNโs chip business alone is now doing $20B in annual revenue growing +100% YoY.
Generational setupโฆ