Given the carnage currently unfolding across the equities universe, one would be hard-pressed to get excited over a still-nebulous AI mania 2.0. Yet, this is exactly what Piper Sandler's Brent A. Bracelin is grooving to, citing NVIDIA's exploding GPU capacity and a concurrent implosion in AI model inference costs as important catalysts for unleashing the "AI wave 2." JPM: "Our analysis suggests that about 90% of the momentum sell-off is complete when compared to previous tactical momentum unwinds (40 instances over the last 35 years). However, if this is a structural regime change, the unwind could have much further to […]