Where We Go From Here

A sober look at the potential trajectory of a bubble.

First, let’s start with the fact that this is massively speculative. No one can guess or know the future of anything, and today’s post is my guess of the entire animal spirits of the market. I am going to make a call here - we are going to go into a GPU lead bubble. This is a follow-up to my last post, but I will provide a more detailed write-up here (and additional quantitative follow-ups at SemiAnalysis).