Keep pulling the thread on Torsten Slok.
According to data from Torsten Slok, the number of data centers in the U.S. is set to nearly double, with almost 3,000 new centers under construction adding to the existing 4,000.
Nvidia's forward 12-month net income has surged from approximately $15 billion in 2023 to $223 billion today.
Citing Mike Zaccardi, the Russell 2000 index is projected to experience EPS growth of 40% this year and 38% next year.
Ken Griffin stated that at his firm, work that previously took teams with master's and PhDs weeks or months to complete is now being done by AI agents in hours or days.
Gavin Baker estimates that only 10 basis points (0.1%) of the population are currently using large language models, while there is already a shortage of compute.
A humanoid robotics company founded by Brett Adcock has demonstrated a robot sorting packages autonomously for over 48 consecutive hours without failure.
According to Torsten Slok, AI-related activities now account for nearly 50% of all investment-grade debt issuance and 87% of all venture capital funding.
Inflows into Blue Owl's flagship credit investment fund for retail investors have fallen by 95% year-over-year, from nearly $500 million per month a year ago to $26 million on May 1st.
Michael believes the current market environment, characterized by a potential capex bubble, sticky inflation, and high interest rates, represents the most compelling setup for bears in a long time.
If Nvidia's forward P/E multiple were to increase from its current 25x to 30x, its market capitalization would represent 10% of the total market, and at 35x it would represent 12%.
According to Duality Research, 30% of the individual stocks in the S&P 500 index trade at a forward P/E ratio between 10 and 15.
The 50-year historical average for long-term U.S. Treasury yields is 6.2%, compared to the current yield of approximately 5.2%.