Jun. 23 at 1:21 PM
$GOOGL $MSFT $SPCX I think Wall Street finally understands that AI for the hyperscalers is several years of spend, spend, spend. They are betting that returns will eventually come years down the road. As part of this realization, everyone moved into infrastructure (where are they spending the money?) like
$MU and
$AVGO Now the issue is that the easy money, won't be so easy. Hyper scalers will be rewarded for spending more cautiously - and punished for hiking their spend every other day, this in turn puts pressure on infrastructure plays.
