Every week chart send someone NVIDIA compare to Cisco 2000। 「See？Same pattern। Bubble। Out।」Every week look NVIDIA 10-K read——$215.9B revenue 71% gross margin 53% net margin——wonder if people actually ever।
Clear me：part of AI trade bubble में है। लेकिन core——infrastructure layer——most fundamentally sound tech rally see करना have career में। Trick जानना कहां line है real hype के बीच।
Number That Matter
Start with what hyperscaler actually spend। 2026 में 5 largest cloud AI infrastructure company——Microsoft Alphabet Amazon Meta Oracle——commit $660B $690B कपital expenditure में। forecast नहीं। Committed spend।
Break down：Amazon $200B Alphabet $175〜185B Meta $115〜135B Microsoft $120B+ Oracle $50B। Approximately 75% AI-related infrastructure go——server GPU data center network power।
These बनाव startup बर्न VC money नहीं। These most profit business Earth deploy own cash flow（increasingly debt) into AI infrastructure because customer demanding।
— averin.comチームによる分析
— Ruslan Averin