Citrini just downgraded AI infrastructure outlook — major red flag for tech bulls
Key points:
• CapEx has peaked. The AI gold rush spending spree is over
• Downside risk spiking for AI infra plays (think $NVDA, hyperscalers, data center REITs)
• US economy entering late-cycle. Stagflation vibes getting real
Citrini = independent US research shop focused on AI/equities/macro. Not some random permabull.
If AI capex is topping out while inflation stays sticky, risk assets could get wrecked. Rotation into defensive plays or hard assets like $BTC might accelerate. Watch liquidity closely.
Key points:
• CapEx has peaked. The AI gold rush spending spree is over
• Downside risk spiking for AI infra plays (think $NVDA, hyperscalers, data center REITs)
• US economy entering late-cycle. Stagflation vibes getting real
Citrini = independent US research shop focused on AI/equities/macro. Not some random permabull.
If AI capex is topping out while inflation stays sticky, risk assets could get wrecked. Rotation into defensive plays or hard assets like $BTC might accelerate. Watch liquidity closely.