#95 Year-End Market: AI CapEx, Nvidia, Neo-Clouds & 2026 Setup | Frazis Capital Podcast

Why markets look “fine” but small caps are quietly crashingThe brutal 50 - 60% wipeouts in quantum, nuclear & neo-cloud stocksHow 2025 became a one-way market dominated by AI & semiconductorsAI CapEx, rate expectations, and why headlines are driving everythingOpenAI vs Google Gemini vs Claude, who’s actually winning the AI race?The uncomfortable truth about Nvidia demand and “financed revenue”Neo-clouds explained: why leasing GPUs may signal weakness, not strengthThe looming AI oversupply risk nobody wants to talk aboutWhy hyperscalers (Microsoft, Amazon) always win in compute cyclesHow our risk models cut exposure before major drawdownsShorting as a defensive tools, reducing risk without timing the marketWhy US biotech quietly became one of the best-performing sectorsGLP-1 drugs, oral weight-loss meds & the next healthcare rotationSoftware stocks at cycle lows, where 2–3x upside could emergeWhy fintech and payments keep disappointing investors“Compounder” crashes: Nike, Lululemon & the end of premium multiplesAussie tech pain: Xero, WiseTech & massive valuation resetsDefence, drones & insider selling, what signals really matterWhat would actually trigger the next broad market sell-offOur 2026 setup: where risk is rising and where opportunity is forming