Oracle is identified as a key infrastructure supplier that will profit from the ongoing AI capex cycle.
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Wall Street Got This Backwards – The Real AI Trade #investing #AIstocks
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The creator argues that the market is misinterpreting massive capital expenditure by big tech companies like Microsoft, viewing it as a sign of a generational infrastructure cycle rather than wasteful spending. He suggests shifting focus from the AI model developers to the infrastructure 'picks and shovels' suppliers.
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NVIDIA is a top-tier infrastructure 'picks and shovels' play that benefits from the massive capex cycle regardless of which AI model wins.
Microsoft's post-earnings dip is a buying opportunity because their massive capex is backed by $627 billion in committed commercial contracts.