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Sep 18, 2026Hyperscalers: the failed AI bubble (and why we publish failures)
MSFT, GOOGL, AMZN, META, ORCL look like an AI capex bloc. The data says no. Raw correlation 0.65 collapses to ~0.05 under residualization. SPY in a costume.
Sep 18, 20266 min read0 reactions0 comments