There is a question. The three major cloud providers' capital expenditures in 2026 will either double or be massive. Ignoring the current market sell-off, where will these real investments—Google's 180 billion and Amazon's 200 billion—mainly be spent? Who will actually earn this money? Mainly invested in cloud servers, AI factories, etc.?

From upstream to downstream, who will benefit? ASML, TSMC, Micron, SanDisk, Western Digital, Seagate, NVIDIA, AMD, Intel, Broadcom? Who else? Who are the main beneficiaries? Why hasn't Intel fallen much from the beginning? Because of state-owned capital control?

Also, is the market's sharp drop due to concerns about excessive spending affecting profits? Or is it because Anthropic launched a legal plugin for Claude Cowork, causing a software crash? Or is it dragged down by the plunge in gold and silver? Or Bitcoin's crash? Or is it ultimately a liquidity problem? Or the U.S.-Iran war? Or all of the above? Which is the main reason? Which is secondary?

$Amazon(AMZN.US)$Alphabet(GOOGL.US)$Microsoft(MSFT.US)$NVIDIA(NVDA.US)$Taiwan Semiconductor(TSM.US)$Micron Tech(MU.US)$Broadcom(AVGO.US)