Is the AI hardware hype outrunning reality? 📉

 Nvidia is touting a $1 trillion backlog for Blackwell and Vera Rubin through 2027, but Apple just pushed "Real Siri" back to iOS 26.4.

We’re building $50B data centers, yet the most used "AI feature" is still just summarizing emails. As IBEX 35 tests its support levels, are we pricing in the "shovels" without checking if anyone is actually finding "gold"?

Are you still adding to the Mag 7 here, or shifting back to defensives like Repsol? 🧐