Macro Presets
Model Parameters
Macro Note: Every $1 of semiconductor hardware CapEx historically requires ~$4–$5 of downstream software revenue within 4 years to maintain 25%+ Big Tech return on invested capital (ROIC).
Nvidia / Semi Capture
$101.2B
Direct annual data center spend
Enterprise AI Revenue
$146.7B
Generated from installed compute
CapEx Payback Ratio
1.45x
Downstream software / HW ratio
Implied Hardware Mkt Cap
$3.24T
At 32x forward multiple
AI Capital Flow Waterfall & Value Distribution ($B)
Real-time D3 Sankey-Style Flow
4-Year Cumulative Hardware Investment vs. Payback Revenue
Cumulative Trajectory ($B)
Multi-Year Forecast Ledger
| Year | Hyperscaler CapEx | Semiconductor Capture | Enterprise AI Rev | Annual Depreciation | Net Hardware ROI |
|---|