Dazi AI Watch 009: What Signals Would Tell Us the AI Cycle Is Really Turning?

A real cycle turn does not show up in price first. It shows up in variables. This episode looks at the most important warning signs: capex slowdown, easing physical bottlenecks, slower token and inference demand growth, and weakening pricing power across cloud and platform players.Price is the result. Variables define the stage. Don’t predict price. Observe the cycle.