The shopping spree is the tell. When capital this concentrated starts buying instead of building, it signals the build-vs-buy math has flipped for AI assets. For everyone downstream, the real question is whether you're an acquisition target or a rounding error. Worth watching what gets bought, not just who's buying.
The shopping spree is the tell. When capital this concentrated starts buying instead of building, it signals the build-vs-buy math has flipped for AI assets. For everyone downstream, the real question is whether you're an acquisition target or a rounding error. Worth watching what gets bought, not just who's buying.