AI skepticism leaves Nvidia, Broadcom and Micron looking cheap on forward earnings. Their forward P/E ratios are 14, 18 and 5, respectively; the market may eventually stop doubting AI. x.com 

Broadcom's stronger AI business looks cheap for its growth, making it one of the best buys in the market right now. AI chip revenue rose 221% to $16.7B last quarter, yet the stock trades at 19x forward earnings and a 0.35 PEG. Management sees AI revenue near $115B in fiscal 2027 and would raise that outlook if customers secure more land and power. Anthropic is on track to be its largest custom chip customer next year. Wall Street's $529 average target implies about 60% upside. x.com 

Low Anthropic spending relative to customer expenses points to an enterprise AI adoption gap that leaves Nvidia reliant on intermediaries able to build their own chips. Anthropic's S-1 says over half the Fortune 500 were $100k+ annual customers as of September, yet spending among its publicly traded customers averaged under 0.1% of expenses in Q3 2026. That measures one provider and cannot show whether AI deployments succeed; Nvidia needs more enterprises buying its compute directly. x.com 

Amazon looks cheap against its expected long-term earnings growth if that growth proves accurate. Its five-year consensus growth is the fastest in the Magnificent 7 after Nvidia, while its 0.90 forward P/E-to-growth ratio is the lowest excluding Nvidia. x.com  x.com 

Anthropic's compute commitments point to future revenue for Alphabet, Amazon, Microsoft, Broadcom and Nvidia. Its S-1 reports 14-fold revenue growth, positive second-quarter 2026 EBIT and more than $600 billion committed to compute through 2045. The AI trade is alive and well, more than expected, provided demand keeps pace with those commitments. x.com 

AI suppliers' demand may not justify today's investment. Roughly $3 trillion in revenue absent last year is needed to support the spending, yet GDP growth is weak and many companies may be seeing only incremental gains. If the estimate that Anthropic uses two-thirds of its compute for training is right, it could triple inference supply. The most likely outcome for many companies, roughly half the S&P 500, is slowing growth, compressed margins and multiples; when the bubble ends is uncertain. … Show more

Broadcom's significant exposure to Anthropic's AI infrastructure spending and custom AI chips adds to its growth case. Annual EPS is projected to rise nearly fourfold from $8.06 LTM to $30.38 by FY2028, while the stock trades roughly 30% below its all-time high. x.com 

Low forward earnings multiples across eleven stocks cannot persist indefinitely. Nvidia trades near 17.5x, its lowest in over a decade; Oracle near 15x, its lowest in six years. Uber is at 17x, Broadcom 19x, Vistra 15x, AppLovin 14.5x, TSMC 19x, Forgent Power Solutions 18x, Nokia 19.5x, American Express 17x and Western Digital 14x. x.com  x.com  x.com  x.com  x.com  x.com  x.com  x.com  x.com  x.com  x.com 

Meta's equity offering points to funding pressure as capital is insufficient for all the companies seeking it. Its size was $5 billion off the earlier $100 billion prediction, and it was announced the day of Anthropic's S-1. More equity offerings are expected from companies other than Anthropic and OpenAI. x.com 

Nvidia's valuation gives too little credit to its expected long-term earnings growth. Its forward P/E-to-growth ratio is 0.28, the lowest since late 2023; the bullish read depends on those growth expectations proving accurate. x.com  x.com