AI Supplier Multiples Fell 15% Post-Selloff, Now Below Growth Forecasts
BenBajarin · x · 2026-11-10
Creative Strategies' Ben Bajarin published a CS Atlas note arguing a short list of AI infrastructure suppliers is undervalued after the midterm selloff.
- Forward multiples across the 30 AI infra suppliers they track fell a median 15% in the two sessions after November 4-5
- The group now trades at 17.3x forward earnings, below where the S&P 500 sat before the selloff
- Their growth forecasts didn't move, and same-week demand evidence remained strong
- Bajarin reads the repricing as investors pricing a slower, costlier path to US power — the same shift where he sees upside
The note skips stock prices and EPS, focusing only on companies with growth beyond current multiples.
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