Michele Cesari @Mexploder: "𝐍𝐯𝐢𝐝𝐢𝐚 𝐯𝐚𝐥𝐢𝐝𝐚𝐭𝐞𝐬 𝐭𝐡𝐞 𝐜𝐲𝐜𝐥𝐞: 𝐀𝐈..."

Italy

𝐍𝐯𝐢𝐝𝐢𝐚 𝐯𝐚𝐥𝐢𝐝𝐚𝐭𝐞𝐬 𝐭𝐡𝐞 𝐜𝐲𝐜𝐥𝐞: 𝐀𝐈 𝐢𝐬 𝐧𝐨 𝐥𝐨𝐧𝐠𝐞𝐫 𝐚 𝐩𝐫𝐨𝐦𝐢𝐬𝐞 Nvidia's results last Wednesday did something very few earnings reports manage to do: they brought everything back into focus. It had been a difficult week — long-term Treasury yields were touching levels not seen in nearly two decades, oil remained elevated as the Strait of Hormuz stayed congested, and inflation data kept the Fed's next move genuinely uncertain. Against that backdrop, Jensen Huang's numbers landed with real weight. Revenue up 85% year-over-year, guidance above expectations, and a message that cut through the noise: agentic AI is here, demand for compute is growing parabolically, and nobody is slowing down. That matters to me directly. The AI and semiconductor block in my portfolio — $NVDA (NVIDIA Corporation), $AVGO (Broadcom Inc), $ASML (ASML Holding NV), $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) — isn't built on hope or narrative. It's built on confirmed capital spending. The major hyperscalers have now locked in combined capex in the range of 660 to 690 billion dollars for 2026, with roughly three quarters of that earmarked for AI infrastructure. $AMZN (Amazon.com Inc), $GOOG (Alphabet), $MSFT (Microsoft), $META (Meta Platforms Inc) they're all in my portfolio, and they're all active participants in this cycle, not bystanders. $VST (Vistra Corp) rounds out the picture on the energy side, with long-term power agreements already in place with Meta and AWS. What Wednesday confirmed for me is that this isn't a speculative cycle dressed up in big numbers. It's real infrastructure, built by companies with strong balance sheets, underpinned by contracts that already exist. The volatility we saw earlier in the week didn't change my reading of the situation — if anything, it reinforced it. When the dust settled, the market came back to what it knows: the buildout is real, the demand is structural, and the companies enabling it are executing. Equity investments always carry risk. The information provided reflects today's market context and does not constitute financial advice.

Not investment advice. The author may have financial interests in the mentioned instruments.