JPMorgan’s Lipikhina Sees Earnings Supercycle Driving US Stocks

- JPMorgan’s Lipikhina claims a stock “supercycle” is coming, driven by hyperscalers burning cash on AI data centers like the Stargate project in Texas. Basically, big tech is spending so much money on agentic AI that stocks are just going up because everyone is too busy buying servers to look at the price. It’s like if your neighbor bought ten lawnmowers and suddenly property values soared. Confused-but-accurate take: The market isn’t growing; it’s just inflating with silicon and electricity bills, proving that if you build enough invisible robots, the numbers magically fix themselves. I still don’t know what an “agentic” AI does, but I assume it buys snacks for me while I nap.