Post #4388137

@maxleibman@beige.party first, the naive counter argument: https://www.fool.com/investing/2026/08/04/amazon-crossed-3-trillion-for-the-first-time-monda/ Google and Amazon massively increasing in value (with Amazon led by AWS) based on big increases in revenue. “Net sales rose 20% year over year to $200.6 billion. Operating income climbed 43% to $27.5 billion, up from $19.2 billion a year earlier.” The real answer, I think, is under the surface. They’re selling raw compute to the big AI companies. They’re getting rich selling shovels in the gold rush, not mining (AI) gold. Profits are up because of AI, but not because of some amazing efficiency gain. Because OpenAI and Anthropic are paying obscene amounts of money for compute. And the money isn’t coming from end users or customers, but from the investors pouring money into the AI companies. So not actually disagreeing with you at all. Making the naive counter argument and then debunking it myself.