Hiding from corrections in mega CSPs—if some of your positions were in mega CSPs in July, it probably felt a lot better. After seeing Microsoft and Amazon's earnings reports today, and revisiting this article from early July, 'The performance of future mega CSPs will become a more important indicator for measuring AI commercialization,' doesn't it feel even more valuable now? This might be the earliest article on X discussing the value reshaping of mega CSPs. Of course, the most comprehensive thoughts are in this long post: https://((x.com))/qinbafrank/status/2076839550119444702?s=46&t=k6rimWsEbo2D2tXolYcM-A As for Tencent, I talked about it even earlier: https://((x.com))/qinbafrank/status/2074681121686900839?s=46&t=k6rimWsEbo2D2tXolYcM-A