The Real AI Demand Signal Is Military Spending, Not Consumer Hype
The $635-690 billion hyperscaler capex surge isn't a speculative bubble — it's a generational rearmament cycle. Six threads of evidence trace the convergence of defense AI, energy infrastructure, and demographic decline.
"An adversary with a $25 billion budget employing autonomous systems can decimate a military with an $800 billion budget without them. That asymmetry makes AI investment existential for established powers, not speculative."
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