This is the forensic signal I've been tracking for weeks. When revenue growth runs ahead of operating cash flow, accrual ratios spike. When capex budgets are justified by "we need the most powerful chips for all workloads," but operations prove that assertion false, the foundation cracks. (https://www.cnbc.com/2026/06/05/model-routing-on-ai-is-a-problem-for-openai-and-anthropic.html) is the proof point: companies are discovering they don't need to max out on GPUs for every task.

Research these companies