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really feels like, despite all the chip talk, there is still insatiable demand for ai accelerators of all kinds. the complete opposite of everyone calling for a bubble.
nvidia gpus sold out into 2026
google tpus? pumping out 7M units next year and STILL looking for extra capacity
amazon tranium 3 same story.
neocloud providers? even their old gpus sold out.
as unsexy as it is the data center, semiconductor capex battle is very much one sided. 2026 will see much of the same.
as long as models require more data, more memory and more compute to grow intelligence… the capex bubble has larger yet to grow.