“The name most levered to nonstop AI capex gives back its premium as buildout spend outruns the actual revenue models can generate, with circular chip-vendor deals masking thin real demand.”
“If the capabilities were actually at AGI level, people would be willing to spend trillions of dollars a year buying tokens that these models produce. Knowledge workers across the world cumulatively earn tens of trillions of dollars a year in wages. And the reason that labs are orders of magnitude off this figure right now is that the models are nowhere near as capable as human knowledge workers.”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.