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MSFTGOOGLMETAAMZNORCLBEARISHCore thesis · 5/5

Big tech AI CapEx spending unsustainable relative to monetization

Hyperscalers are committing an unsustainable percentage of earnings to AI CapEx without the fundamental end-user revenue or monetization models to support it.

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MSFT: Big tech AI CapEx spending unsustainable relative to monetization · Zortix