The Capital Cycle Theory

_air 13 points 1 comment August 18, 2026
s-1.vercel.app · View on Hacker News

Discussion Highlights (1 comments)

avidiax

One feeling that I have is that we currently have: 1. Underpriced AI products (tokens too cheap) 2. Bottlenecked AI spend (can't get enough chips, can't build enough DCs) So it's possible that prices will rise until demand meets the bottlenecked production, potentially with no trough or collapse (excepting that part of the financial model that is demanding outsize growth).

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