#chip and memory companies

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#2027 earnings #ai capex #amazon #depreciation schedules #forward multiples #google #meta #microsoft #nvda #s&p 500 #trailing multiples

S&P Earnings Overstated by AI Depreciation Shifts
AI capex deferrals inflate S&P 500 earnings by $854B, pushing valuation into bubble territory.
Seekingalpha · 2m