I think there will be an AI correction and OpenAI will be the center of it. I have no clue what their plan is, they seem to throw everything at the wall an nothing sticks. Gonna take MicroSlop down with them. Anthropic and Google will come out the other end in great shape though.

Picking winners at this stage is hard, but maybe you are right on Alphabet and Anthropic. The former has use for data centres including those filled with ML hardware in a way MSFT and AWS may not if LLMs crash, simply by virtue of YouTube and other services which have relied on ML long before the hype started. Their buildout also started earlier and that may help them not overbuild to keep up with the hype, but who knows.

On Anthropic, hard to tell from the outside whether they are just more quite on their buildouts or whether they truly mainly rent their hardware, which could give them some flexibility if the market craters.

On MSFT, I'd rather they fix their products, at least to keep their mass of employees from being affected negatively.