∞ALPHA

AI demand is exploding, and it’s causing component shortages across the tech industry. Hyperscalers (Microsoft, Alphabet, Meta) are spending hundreds of billions on AI infrastructure, pushing supply chains to the limit. Memory shortages are raising costs for Apple, HP, Dell, and others. CPUs are surging back because AI inference and AI agents rely heavily on them. AMD, Intel, and Arm all raised long‑term CPU market forecasts to $100B–$120B+ by 2030. Competition is intense: AM

Meta looks cheap (~18× forward P/E), but the discount reflects real risks, not a bargain. Ads are booming: +33% revenue, higher ad prices, better AI‑driven conversions. User growth is slowing — even a sequential decline, a first since 2019. Meta has no second growth engine (no cloud, no software, no e‑commerce). AI spending is exploding: $135B capex, $57B+ debt, plus new $25B bond. Meta is “spending more than it can afford.” Legal risks rising (youth bans, addiction lawsuits)

Walmart is currently trading at valuations typically reserved for high-growth technology stocks rather than traditional retailers. The stock trades at approximately 40 times forward earnings, which is significantly higher than its historical average of roughly 23 times. Investors are betting on Walmart because its massive investments in supply chain and digital infrastructure are finally yielding high-margin returns. Despite the optimism, Walmart still lags significantly beh