The real and under-recognized investment opportunity is the capital cycle involving decoupling from China and building domestic productive capacity, which is largely ignored by financial markets and investors while AI stocks are overvalued, creating a significant valuation divergence: capacity-building stocks are extremely cheap while AI stocks are trading at stratospheric valuations.
causalpending
Speaker
Russell NapierEvidence Quote
“we've got the most obvious capital cycle charging ahead, which is building capacity to decouple us from China. And no one's talking about it. And no one's investing in it. And therefore, the valuations of our AI stocks are stratospheric.”
Source
Understanding The AI Opportunity with Russell Napier | The 2025 Prime Quadrant Conference— Prime QuadrantCreated: 8/11/2026, 7:40:36 AM
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