Ok, one more chart today proving the AI bubble doesn't exist Global AI revenue just hit a $229B run rate, up 3.5x in a single year and now doubling every 7.2 months "But revenue doesn't cover the capex!" I know. Here's why that argument is stupid Firstly, Exponential View shows $140B of actual AI revenue over the last 12 months, $229B annualized run rate. The run rate sitting way above trailing means growth is ACCELERATING, not slowing But Hyperscalers are spending $600B+ on capex this year and AI revenue is "only" $229B. Well, capex is growing roughly 36% this year while AI revenue grew 250%. That means, revenue is compounding 7x faster than the spending And per Exponential View's own analysis, AI revenue now clears the depreciation bar on the compute base. That was Michael Burry's entire short thesis (the chips depreciate faster than the revenue shows up). So we have Debt to keep the build moving and now we have revenues growing fast enough to pay for it. The AI bubble is no longer I'm positioned all through the AI infra stack (compute, memory, power) and if this was helpful, my company runs a service where 5 top-tier analysts share their research and real-time portfolios so you can see exactly what we're buying. It's just $1 to try it out (insane price just to check it out), learn more here: Don't forget to give me a follow @kylereidhead for more insights on AI and markets