Josh Brown

I don't think that he was even maybe quoted in this article.

But just as, you know, one of the old guards and Howard is a legend.

So definitely, you know, I'm not trying to dunk.

Nothing but respect for him.

But Bill wrote, amid all the hyperventilating about eye-popping AI company valuations and the seemingly insanity of the current investment cycle, old Wall Street hands might feel something tickling in the back of their brain.

So, boys, I want to ask you,

An impossible question, but Chart, what inning are we in?

Gavin Baker was talking with Patrick and he said something like,

less than, I forget the numbers he used.

Let's just say that less than 1% of people that are going to eventually use this are currently using it.

And there's already a massive shortage of compute.

Now are the hyperscalers overdoing it?

Like Google is using all their cashflow and then some $170 billion in run rate, annual operating cashflow.

They just issued $85 billion worth of debt over the last 12 months.

They just issued some equity, $80 billion worth of equity.

So they're all in, but it just seems like what happens when

People are using it and not just people, enterprises and of course, enterprises are using it.

So I agree.

But it is it is hard not to look at some of the charts that we're going to get to and say this just doesn't feel normal.

Now, what's not normal is the earnings growth and the revenue growth.