russellclark

So, we are now in AI war... everyone is battling each other, and just like Netflix and Disney bid up the price of content - we are now seeing the price of data centres etc also being bid up. This makes sense to me - the question is how much Capex is needed to build a moat? So Microsoft it close to all in in my view. Capex matches cashflow in recent quarters, and the share price is starting to lag....