I found this analysis insightful: https://x.com/dampedspring/status/1953070287093731685 https://x.com/dampedspring/status/1953070287093731685 > However, this

I found this analysis insightful: https://x.com/dampedspring/status/1953070287093731685 https://x.com/dampedspring/status/1953070287093731685 > However, this pace is likely unsustainable going forward. The sharp acceleration in capex is likely behind us, and the recent growth rate may not be maintained. Any sustained weakness in final demand will almost certainly affect future investment, as AI demand ultimately depends on business revenues and profits, which are tied to nominal GDP. Realized and forecasted capex remain elevated, while free cash flow and cash and cash equivalents are declining for hyperscalers.