Slack: C0A0J07FGKT/ts:1771610576.4332

Author: Stuart Hardy Date: 2026-04-07 Type: slack Evidence: 1 Themes: 1

ai-capex-infrastructure-bottleneck

💬 [E1838] The cashflow these guys have maybe gives them a bit longer runway (certainly for Mag7, less so CRWV), but the market will punish them if they don't see a decent ROI. 45% of Microsoft's backlog tied to OpenAI is shocking.
commentary · 2026-04-07