And the total capex spend to date is roughly $1tr so revenues are ~20% of capex. It doesn't seem ridiculously out of whack. They don't have to do the future sp

And the total capex spend to date is roughly $1tr so revenues are ~20% of capex. It doesn't seem ridiculously out of whack. They don't have to do the future spending unless revenues are coming in appropriately. (source on the capex to date https://valueaddvc.com/ai-spending https://valueaddvc.com/ai-spending)