Comment by bdangubic
16 days ago
> widespread exit-timing instead of deep, long-term conviction.
$500+bn in one year capex from largest and most profitable companies ever known to mankind seems like a deep and long-term conviction, no? you and I may not have conviction, the largest and most profitable companies on earth that have been carrying most of global economy do
Tech companies buying computing real estate with surplus profit isn't conviction in my book.
Do they have conviction or FOMO?
I would bet against the Mag7 FOMO’ing around