The Real Question: Is the AI Backlog a Mirage$DELL’s AI backlog is sitting pretty at $4.5B, but let’s be real—backlogs are only good if they turn into cash. Execution risk is high with these big-ticket AI orders. If they can’t deliver or if customers delay spending, this whole “AI boom” narrative could fall flat. Anyone else worried that the market’s underestimating how long it takes to convert those backlogs into tangible revenue? By the way, keeping an eye on $BOLT; hearing it might skyrocket soon.