I think this bubble represents a huge amount of opportunities. Sure the crazy (70%?) gross margins for cloud is insane, but this means there are more cloud comp

I think this bubble represents a huge amount of opportunities. Sure the crazy (70%?) gross margins for cloud is insane, but this means there are more cloud companies to be made -- the market isn't saturated yet. With the right offering and the right software you can build something just 10% as good as some of the hyperscalers and have an amazing company. Competing on price is not a sin, and it's what I'm working on/betting on. That said, I think the real big threat to the hyperscalers is cheap chips and more people being able to treat datacenters like parking lots (nice ways to use capital to generate cashflow) -- the commoditization of data center operations.