alt Hacker NewsAgree on looking at the company-behind-the-numbers. Though presumably you're aware of the Efficient Market Hypothesis. Shouldn't "slowed down datacenter growth" be baked into the stock price already?
If I'm understanding your prediction correctly, you're asserting that the market thinks datacenter spending will continue at this pace indefinitely, and you yourself uniquely believe that to be not true. Right? I wonder why the market (including hedge fund analysis _much_ more sophisticated than us) should be so misinformed.
Presumably the market knows that the whole earth can't be covered in datacenters, and thus has baked that into the price, no?
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I saw a $100 bill on the ground. I nearly picked it up before I stopped myself. I realised that if it was a genuine currency note, the Efficient Market would have picked it up already.
The EMH does not mean that markets are free of over-investment and asset bubbles, followed by crashes.