This post was originally published on this site.What a day for the bulls. The message after the earnings smoke has cleared is optimistic and the thinking is that: Maybe all these AI investments can continue and there is actually an ROI on all of them. For the valuations of the hyperscalers, you don’t need a big return on the huge amounts of capex as even making a bit further enforces their moats and will allow them to transition to a new era as leaders. Amazon and Google in particular made compelling cases for why there could be returns. So long...