Published June 1, 2026 | Version v1

The China AI Disruption Thesis : Why the Sell-Side Is Six Months Late

Description

Wall Street's consensus on US AI infrastructure has converged on a single story: hyperscaler capex grows at 25–30% CAGR through 2028, US power demand doubles by 2027, memory equities enter a supercycle that extends through 2028. The data tables across the major sell-side desks are nearly identical. The price targets cluster within tight ranges.
This book argues, on quantifiable grounds, that the consensus is six months late.

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