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AI capex

ABBX Week 17: Oracle’s Backlog Matches a Hyperscaler. Its Balance Sheet Does Not.

AI infrastructure

ABBX Week 17: Oracle’s Backlog Matches a Hyperscaler. Its Balance Sheet Does Not.

ABBX Week 17 finds no broad AI bubble. Oracle is the test case: a USD 664 billion backlog, neo-cloud-like equity value, and a lease-and-capex bill that still lands before that backlog turns into cash.

10 min read 14 Sep 2026

The AI Bubble That Isn’t — Yet: What the Completed Q2’26 Data Reveals

AI infrastructure

10 min read 30 Aug 2026

The AI Bubble That Isn’t — Yet: What the Completed Q2’26 Data Reveals

Q2’26 ABBX is complete. Parts of the AI market are hot, but the ecosystem is not yet a broad bubble: ROIC still exceeds funding costs, multiples remain below May, and demand is still broadening. The real heat is off-balance-sheet financing, not headline debt.

Convequity's AI Bubble Barometer

9 min read 14 Jun 2026

Convequity's AI Bubble Barometer

Convequity’s AI Bubble Barometer shows AI valuations easing further this week while commercial demand for compute remains strong. Productive usage is still concentrated among developers, but is expected to broaden significantly as models improve and costs decline.