Semis, IPOs, and AI Bills

One earnings miss hit like a stress test for the whole market. At the same time, AI demand is still huge, but the bill is getting real, and capital is getting crowded fast.Broadcom resets the tapeWhy semis are the market's weak pointRotation out of narrow techAI demand is strong, but the economics are tighteningModel routing changes the power balanceAI capex keeps spreading beyond chipsSpaceX and the crowded IPO marketIPO mechanics are changingPrivate credit shows the other side of liquidityCrypto, power, and regulationTwo smaller signals worth watchingThis podcast was created with Podkey. Make your own at https://podkey.fm