"""Narrative Dashboard — 3×3 grid telling the AI bubble story FLAGSHIP chart: single figure combining all evidence streams into a cohesive visual narrative. """ import sys import os # Ensure the project root is on sys.path so `src.*` imports work sys.path.insert(0, os.path.dirname(os.path.dirname(os.path.dirname(os.path.abspath(__file__))))) import matplotlib matplotlib.use("Agg") # Patch matplotlib Path.__deepcopy__ to break Python 3.14 recursion loop # Known bug: https://github.com/matplotlib/matplotlib/issues/29280 try: from matplotlib.path import Path _original_path_deepcopy = Path.__deepcopy__ def _safe_path_deepcopy(self, memo): if id(self) in memo: return memo[id(self)] memo[id(self)] = self return self Path.__deepcopy__ = _safe_path_deepcopy except Exception: pass import matplotlib.pyplot as plt import numpy as np from src.data.market_bubbles import shiller_cape, buffett_indicator, sp500_pe from src.data.ai_infrastructure import hyperscaler_capex_annual, nvidia_revenue from src.data.agent_adoption import agent_survey_data, developer_ai_adoption from src.utils.styling import ( get_theme, EXPORT_DPI, BUBBLE_ZONE, WARNING_ZONE, NORMAL_ZONE, GRAY_DARK, GRAY_MEDIUM, BLACK, WHITE, AGENT_GROWTH, REVENUE, DEBT, AI_SPEND, PRODUCTIVITY, get_company_colors, ) def plot_narrative_dashboard() -> str: """Generate the flagship 3×3 narrative dashboard. Returns the output file path. """ plt.rcParams.update(get_theme()) fig, axes = plt.subplots(3, 3, figsize=(20, 16)) fig.set_facecolor(WHITE) # ------------------------------------------------------------------ # ROW 1: Market Bubble Evidence # ------------------------------------------------------------------ # Panel (0,0): Shiller CAPE ax = axes[0, 0] years = [d["year"] for d in shiller_cape] values = [d["value"] for d in shiller_cape] ax.axhspan(0, 20, alpha=0.15, color=NORMAL_ZONE) ax.axhspan(20, 30, alpha=0.15, color=WARNING_ZONE) ax.axhspan(30, 50, alpha=0.15, color=BUBBLE_ZONE) ax.plot(years, values, color=GRAY_DARK, linewidth=0.8) ax.axhline(y=17.39, color="#333", linestyle="--", linewidth=0.6) ax.text(2024, 18.5, "mean: 17.4", fontsize=7, color=GRAY_MEDIUM) ax.annotate( f"{values[-1]:.1f}", xy=(2026, values[-1]), fontsize=7, fontweight="bold", color=BUBBLE_ZONE, xytext=(2023, values[-1] - 5), arrowprops=dict(arrowstyle="->", color=BUBBLE_ZONE, lw=0.6), ) ax.set_title("Shiller CAPE (1880–2026)", fontsize=11, fontweight="bold") ax.set_ylabel("CAPE") ax.set_ylim(0, 50) ax.tick_params(labelsize=7) ax.grid(True, alpha=0.2) # Panel (0,1): Buffett Indicator ax = axes[0, 1] b_years = [d["year"] for d in buffett_indicator] b_vals = [d["value"] for d in buffett_indicator] ax.axhspan(0, 100, alpha=0.15, color=NORMAL_ZONE) ax.axhspan(100, 200, alpha=0.15, color=WARNING_ZONE) ax.axhspan(200, 300, alpha=0.15, color=BUBBLE_ZONE) ax.plot(b_years, b_vals, color=GRAY_DARK, linewidth=0.8) ax.axhline(y=200, color=BUBBLE_ZONE, linestyle="--", linewidth=1) ax.text(2000, 205, "Danger: 200%", fontsize=7, color=BUBBLE_ZONE) ax.annotate( f"{b_vals[-1]:.0f}%", xy=(2026, b_vals[-1]), fontsize=7, fontweight="bold", color=BUBBLE_ZONE, xytext=(2020, b_vals[-1] + 10), arrowprops=dict(arrowstyle="->", color=BUBBLE_ZONE, lw=0.6), ) ax.set_title("Buffett Indicator (1975–2026)", fontsize=11, fontweight="bold") ax.set_ylabel("Mkt Cap / GDP %") ax.tick_params(labelsize=7) ax.grid(True, alpha=0.2) # Panel (0,2): S&P 500 P/E ax = axes[0, 2] pe_years = [d["year"] for d in sp500_pe] pe_vals = [d["value"] for d in sp500_pe] ax.plot(pe_years, pe_vals, color=GRAY_DARK, linewidth=0.8) ax.axhline(y=17.9, color="#333", linestyle="--", linewidth=0.6) ax.text(2020, 19, "mean: 17.9", fontsize=7, color=GRAY_MEDIUM) ax.annotate( f"{pe_vals[-1]:.1f}", xy=(2026, pe_vals[-1]), fontsize=7, fontweight="bold", color=WARNING_ZONE, xytext=(2023, pe_vals[-1] - 3), arrowprops=dict(arrowstyle="->", color=WARNING_ZONE, lw=0.6), ) ax.set_title("S&P 500 P/E (1950–2026)", fontsize=11, fontweight="bold") ax.set_ylabel("P/E") ax.set_ylim(0, 75) ax.tick_params(labelsize=7) ax.grid(True, alpha=0.2) # ------------------------------------------------------------------ # ROW 2: AI Infrastructure Buildout # ------------------------------------------------------------------ # Panel (1,0): Hyperscaler Capex (stacked area, 2020–2026) ax = axes[1, 0] company_colors = get_company_colors() companies = ["Microsoft", "Alphabet", "Meta", "Amazon"] years_annual = list(range(2020, 2027)) data = {c: [0.0] * 7 for c in companies} for entry in hyperscaler_capex_annual: idx = entry["year"] - 2020 if 0 <= idx < 7: data[entry["company"]][idx] = entry["capex_billions"] y_off = np.zeros(7) for c in companies: vals = np.array(data[c], dtype=float) ax.fill_between( years_annual, y_off, y_off + vals, alpha=0.7, color=company_colors[c], label=c, ) y_off += vals ax.set_title("Hyperscaler Capex (2020–2026)", fontsize=11, fontweight="bold") ax.set_ylabel("Capex $B") ax.tick_params(labelsize=7) ax.legend(loc="upper left", fontsize=6, framealpha=0.8) ax.grid(True, alpha=0.2, axis="y") # Panel (1,1): Tech Debt Spike ax = axes[1, 1] debt_years = [2020, 2021, 2022, 2023, 2024, 2025, 2026] debt_vals = [25, 30, 28, 25, 30, 121, 125] colors_debt = [GRAY_DARK] * 5 + [BUBBLE_ZONE, WARNING_ZONE] bars = ax.bar(debt_years, debt_vals, color=colors_debt, width=0.5) avg5 = np.mean(debt_vals[:5]) ax.axhline(y=avg5, color="#333", linestyle="--", linewidth=1) ax.text(2022, avg5 + 3, f"pre-2025 avg: ${avg5:.0f}B", fontsize=7, color=GRAY_MEDIUM) ax.text(2025.5, 125 + 5, "4× spike!", fontsize=8, fontweight="bold", color=BUBBLE_ZONE, ha="right") ax.set_title("Tech Debt: 2025 4× Spike", fontsize=11, fontweight="bold") ax.set_ylabel("Debt $B") ax.set_ylim(0, 150) ax.tick_params(labelsize=7) # Panel (1,2): NVIDIA Data Center Revenue ax = axes[1, 2] dc_rev = [d.get("data_center_billions", d.get("compute_billions", 0) + d.get("networking_billions", 0)) for d in nvidia_revenue] quarters = list(range(len(dc_rev))) ax.fill_between(quarters, dc_rev, alpha=0.25, color=REVENUE) ax.plot(quarters, dc_rev, color=REVENUE, linewidth=1) # Mark the inflection and latest nvidia_quarters_labels = [d["fiscal_quarter"] for d in nvidia_revenue] # Highlight 2026-Q4 (index 27) latest_idx = len(dc_rev) - 2 # before FY2027-Q1 ax.plot(latest_idx, dc_rev[latest_idx], "o", color=REVENUE, markersize=5) ax.annotate( f"${dc_rev[latest_idx]:.1f}B", xy=(latest_idx, dc_rev[latest_idx]), xytext=(latest_idx - 3, dc_rev[latest_idx] - 8), fontsize=7, fontweight="bold", color=REVENUE, arrowprops=dict(arrowstyle="->", color=REVENUE, lw=0.5), ) ax.set_title("NVIDIA DC Revenue (Quarterly)", fontsize=11, fontweight="bold") ax.set_ylabel("Revenue $B") ax.tick_params(labelsize=7) ax.set_xticks(range(0, len(quarters), 4)) ax.set_xticklabels([nvidia_quarters_labels[i].replace("FY", "") for i in range(0, len(quarters), 4)], rotation=45, ha="right") ax.grid(True, alpha=0.2) # ------------------------------------------------------------------ # ROW 3: Agent Revolution and Reality # ------------------------------------------------------------------ # Panel (2,0): GPU Utilization Paradox ax = axes[2, 0] cats = ["AI Spend", "GPU Util.", "Target", "Human"] vals = [100, 5, 65, 85] colors_util = [AI_SPEND, BUBBLE_ZONE, NORMAL_ZONE, WARNING_ZONE] bars = ax.barh(cats, vals, color=colors_util, height=0.5) for bar, v in zip(bars, vals): ax.text(v + 2, bar.get_y() + bar.get_height() / 2, f"{v}%", va="center", fontsize=8, fontweight="bold", color=BLACK) ax.set_title("GPU Utilization Paradox", fontsize=11, fontweight="bold") ax.set_xlim(0, 115) ax.tick_params(labelsize=8) ax.grid(True, alpha=0.2, axis="x") # Panel (2,1): Developer AI Reality ax = axes[2, 1] dev_cats = ["Use AI tools", "Daily AI use", "AI code merged", "AI code has vulns"] dev_vals = [84, 51, 22, 48] dev_colors = [AGENT_GROWTH, AGENT_GROWTH, NORMAL_ZONE, BUBBLE_ZONE] bars = ax.barh(dev_cats, dev_vals, color=dev_colors, height=0.5) for bar, v in zip(bars, dev_vals): ax.text(v + 2, bar.get_y() + bar.get_height() / 2, f"{v}%", va="center", fontsize=8, fontweight="bold", color=BLACK) ax.set_title("Developer AI Reality", fontsize=11, fontweight="bold") ax.set_xlim(0, 100) ax.tick_params(labelsize=8) ax.grid(True, alpha=0.2, axis="x") # Panel (2,2): Enterprise Agent Adoption ax = axes[2, 2] surveys = ["LangChain", "McKinsey", "PwC"] labels = ["In production", "Scaling agents", "Measurable value"] adoption = [ agent_survey_data["langchain_2025"]["production"], agent_survey_data["mckinsey_2025"]["agentic_ai_scaling"], agent_survey_data["pwc_2025"]["measurable_productivity_value"], ] bars = ax.barh(surveys, adoption, color=AGENT_GROWTH, height=0.5) for bar, v, label in zip(bars, adoption, labels): ax.text(v + 1, bar.get_y() + bar.get_height() / 2, f"{v:.0f}% ({label})", va="center", fontsize=7, fontweight="bold", color=BLACK) ax.set_title("Enterprise Agent Adoption", fontsize=11, fontweight="bold") ax.set_xlim(0, 100) ax.tick_params(labelsize=8) ax.grid(True, alpha=0.2, axis="x") # ------------------------------------------------------------------ # Row labels (vertical text on the left) # ------------------------------------------------------------------ fig.text(0.02, 0.78, "MARKET BUBBLE EVIDENCE", fontsize=10, fontweight="bold", color=GRAY_MEDIUM, rotation=90, va="center") fig.text(0.02, 0.50, "AI INFRASTRUCTURE BUILDOUT", fontsize=10, fontweight="bold", color=GRAY_MEDIUM, rotation=90, va="center") fig.text(0.02, 0.16, "AGENT REVOLUTION & REALITY", fontsize=10, fontweight="bold", color=GRAY_MEDIUM, rotation=90, va="center") # ------------------------------------------------------------------ # Overall title # ------------------------------------------------------------------ fig.suptitle( "The AI Bubble and the Fundamental Value of LLMs — June 2026", fontsize=20, fontweight="bold", y=0.98, ) fig.subplots_adjust( hspace=0.35, wspace=0.25, left=0.06, right=0.98, top=0.95, bottom=0.04, ) out_path = "output/combined/narrative_dashboard.png" plt.rcParams['savefig.bbox'] = None # Disable tight cropping for full 20x16 output fig.savefig( out_path, dpi=EXPORT_DPI, facecolor=fig.get_facecolor(), edgecolor="none", ) plt.close(fig) return out_path def main(): path = plot_narrative_dashboard() print(f"Dashboard saved: {path}") if __name__ == "__main__": main()