Why Buffett’s Owner Earnings Matter in the AI Capex CycleThere is a classic joke often told in the halls of investment banks. A business owner is interviewing candidates for a senior role and asks each a simple question: “What is two plus two?” The mathematician answers instantly: “Four. Exactly…
Big Tech Fuels a Market Melt-UpStocks continued their record run this week, fuelled by a series of impressive earnings beats from large-cap tech. The past six weeks have been breathtaking… the S&P 500 surging more than 13%. However, it is important to recognize that this…
NVDA Valuation Analysis: AI Capex, Free Cash Flow, and Market RealityMarkets are shifting from AI euphoria to demanding real cash flow. Private credit cracks, circular AI financing, and stretched valuations are raising hard questions about sustainability. As growth slows and multiples compress, 2026 is shaping up to be a true “show me the money” year for investors.
