Well, sorry, the point is that if no one believed him, it's clear he misspoke because he is highly competent. People are not jailed for misspeaking.

Also, any kind of charge for securities violation requires more than misleading public statements. There needs to be intention to deceive and intention to capitalize on that deceit, probably neither are here either

It would be debatable if we didn't have the Commander in Chief we have now is very blatant and open about demanding things and providing political favor in return constantly

When you are having dinner with the emperor, of course it's just good marketing to say he's wearing clothes

> This admission makes it clear that the AI spends are being made up not based on business value/demand...

Well, isn't that okay? All the companies are racing to capture a nascent market. It would make sense to spend beyond current demand and even projected 5Y demand if it gives you a larger share of a market that might last 20+ years

Pretty sure most of the Mag 7 have on paper already north of $100B in AI infra spend this upcoming year.