🚨 FUNDSTRAT GLOBAL HEAD OF TECHNICAL STRATEGY @MarkNewtonCMT ON THE AI SPENDING BOOM: "When you have companies trying like hell to raise money, you see Google trying to raise $25 to $30 billion and already spending over $200 billion on CapEx. These are extraordinary numbers. This isn't going away anytime soon." On whether it's a bubble: "I don't sense that it's a bubble. These companies are making an extraordinary amount of money. We're almost in a time like the late '90s." On the market outlook: "I expect choppiness between now and October, but in general we're still in the midst of a pretty big secular AI boom. I think it's gonna be a bullish couple of years even if it's choppy between now and the election. We're very much in a sweet spot over the next couple of years."