Oguz Erkan(@oguzerkan):This is not good for the AI trade. JP Morgan sees fewer new data center projects, and a decline in construction spending. This is why $NVDA is stuck at 15x forward earnings and it’s not going to get much better. This is a direct signal that AI capex is about to peak.

Oguz Erkan

@oguzerkan

Investor | Writing about stocks, tech, and the markets.

参加 June 2023

542 フォロー中 131.6K ファン

Oguz Erkan@oguzerkan

2026.10.09 09:17

This is not good for the AI trade. JP Morgan sees fewer new data center projects, and a decline in construction spending. This is why $NVDA is stuck at 15x forward earnings and it’s not going to get much better. This is a direct signal that AI capex is about to peak.