Recently hyperscalers like Msft, Meta, Amazon and Google has been going through lots of bashing for their high capex spending and ultimately loosing their prices. Plenty of people have sold and are selling them to invest in the probable short term beneficiaries of this capex semi/AI stocks like MU, SNDK, Hynix, NBIS
So, are these hyperscalers spending capex by risking their current drop in prices for nothing? If they're not gonna benefit from AI in long term then who's long term backbone of this AI revolution and bear fruit for long term ? Just like today Google for search engine, msft for software and Meta for social media.
If they are the backbones then is that priced in their current valuations?