Many people can't make money in this round of AI market rally,

It's not because they aren't working hard.
But because:
They've been using "consumer stock logic,"
Watching the "infrastructure cycle."
In the true big cycle,
The first to explode,
Is often not the application.
But:
Computing power
Chips
Storage
Electricity
Network bandwidth
Because:
During the gold rush,
The ones who make money first,
Are usually not the gold miners.
But the people selling shovels.
The internet era was like this,
And the AI era might be the same.
#ai