Software and hardware, capital expenditure parties (Party A) and tool sellers (Party B) have been acting like a seesaw for a long time. Taking $Amazon(AMZN.US)$Alphabet - C(GOOG.US) as examples, they have already paid the price of persistently low stock prices due to capital expenditures.

The market is a proof question. Either the giants prove that the capital expenditure is worthwhile and the ROI can be clearly explained; or they need to reduce capital expenditure, proving that the hardware logic is unsustainable.

I believe this situation won't last long. The giants will soon prove that the investment can clearly bring high-value returns. As long as this point is proven, it will create a win-win for both the giants and hardware, and the wave of AI will continue to advance. 💪