Big Tech Hyperscalers

“Saying I have a five-year-old chip that works just fine doesn't mean that it can generate the same revenue that it did five years ago, which is the accounting question. So that's sleight of hand by these companies to tell you that the chip still works. If it's…”

“The processes for spending that amount of money are sticky and slow. They're not fast. Like, you can't back out. Like, you pre-commit, and you go build.”