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Broadsheet plate — BOOM OR BUBBLE? Both readings of the buildout on one honest plate, told straight enough that a bull and a sceptic both pin it up. Exact figures: capex from under $450B (2025) to ~$750B (2026); AI-lab adjusted gross margins 30-40%; 3 of 4 hyperscalers lost value after recent earnings. Real generated image, financial-print warmth; vector fails; copy in-image (<=5 short lines), figures verified. Native + 16:9 + 4:5, individual files + sources.md. Not: bull/bear cartoons; price-prediction language.
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