This assumes the current demand will continue. Which is unlikely given the order of magnitude difference between capex by the Big Folks and the revenue generate

This assumes the current demand will continue. Which is unlikely given the order of magnitude difference between capex by the Big Folks and the revenue generated by that capex. Given they now need to fund this spend from money markets, they are likely to be told off pretty soon. Feds go “ooh” and Google goes “aah”.