NVIDIA's Biggest Customers Just Lost $1 Trillion in One Week

YouTube ^ | 02/13/2026 | Dr. Josh C. Simmons

[SmokingJoe]

It's uploaded by the channel Dr. Josh C. Simmons on February 13, 2026 (today, based on current timing), and has quickly gathered around 5,285 views and 323 likes so far. Key Points from the Video

The core argument is that major tech companies (Microsoft, Alphabet/Google, Amazon, and Meta), which are NVIDIA's largest customers for AI chips, collectively announced roughly $690 billion in AI-related capital expenditures (CapEx) planned for 2026.

Despite many of them beating earnings expectations recently, the market reacted negatively — wiping out about $1 trillion in combined market capitalization in a short period (described as "one week"). CapEx breakdown (approximate figures cited):

Alphabet: ~$180B (doubled from prior year)

Amazon: ~$200B (up ~50% YoY)

Microsoft: $120B+

Meta: $115–135B

(Plus mentions of Oracle at ~$50B in related spending) Wall Street's skepticism: Investors appear unconvinced that this massive AI infrastructure spend will actually generate proportional returns/monetization soon. Stocks dropped sharply (e.g., Alphabet -9%, Microsoft significantly off highs).

NVIDIA's position: The company is portrayed as the big winner here — they reported $57 billion in quarterly revenue (with data center/AI chips at ~$50B, up 66% YoY), and are guiding even higher (~$65B) for the quarter ending February 25, 2026. The video suggests NVIDIA profits massively from selling the picks and shovels (chips/GPUs) regardless of whether the AI "gold rush" ultimately pays off for the buyers.

Bubble warning: The presenter references Fidelity's "5 bubble indicators," claiming the current AI hype meets all five:

Elevated valuations Rapid/unprecedented spending Circular financing (money cycling in ways that inflate hype) Reliance on debt/leverage Lagging or minimal monetization (noted: only ~4 cents in revenue per $1 spent on AI infrastructure so far)

The tone is skeptical/critical of the AI investment frenzy, predicting an eventual correction or "bubble" pop, while highlighting how NVIDIA benefits in the meantime.

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KEYWORDS: nvidia

[Notch]

Amat was already mentioned here as making the necessary tools for all chips. But also look at Micron and SanDisk.Both have inventory sold into 2028 and beyond. The demand is future based in all AI,Memory, and military needs.
Their balance sheets are golden! Not a bubble- as this is no longer cyclical for the best of the best! But - what do I know?🧌🍻

[dinodino]

Fine, but I’m not talking about stock movements, I’m talking about underlying tech.

[Notch]

I know I’m way over my skies here, But doesn’t the arc greatly improve as the newer, greater and faster chips keep using less power. And also run cooler using a more efficient cooling medium than H2O.also storage and computing power keeps multiplying in unbelievable strides.This brings everyday practical uses in science, industry, war and space under better human control while helping outpace our vulnerabilities and survival.This forces us to tread forward in hopes of harnessing the ever elusive Fusion to help take the load off. Every breakthrough in storage and memory starts another cycle of breakthroughs.So the process will keep progressing and we will keep investing in the best. 🙏