David Woo gives little credence to the delayed inflation data released today, saying it’s incomplete because of the government shutdown. He thinks the reading will rebound in December. David also argues that the AI bubble will pop next year, possibly even in 1Q. He doesn’t believe in the “winner takes all” mentality he sees in the AI sector, using Broadcom (AVGO) and OpenAI as examples. He thinks an AI slump could get the Fed to slash rates.