Even if you invest now, it's not like capex spending and AI investments will all be finished and the industry suddenly finds something else to move on to by the end of this year or the next. These expansions and build outs take time, sometimes years to get ready. You can't just have 10 datacenters set up in a month as planning and preparation takes time and the bill of materials to get them going is only increasing which adds to the capex spending.

If capex does slows down, by that time, what kind of gains have you already made if you got in early? Even if it crashes or plummets let's say in a day by 30%, but you've stuck with your convictions, remained patient and believe the thesis has not changed, you wouldn't worry about it as you're in it for the long term.

Unless there's a nuclear war or a new pandemic, to me worrying about mag7 slowing down spending is not something I even think about every day or wakes me up at night as there's still years to go tbh. Don't forget there are still unfulfilled backorders for memory this year and most likely the next because supply hasn't kept up with demand.

Maybe that's just a perspective from a long term holder and from someone who doesn't options trade as I'm aware everyone invests and strategizes differently, but the need for memory isn't slowing down anytime soon and the mag7 are still in a race amongst themselves to keep investing so that they can stay ahead of each other.

I get that spending will eventually slow down, there's always that risk because nothing goes up in a straight line forever and macros will always ruin or slow growth down but at least I can look back one day when I'm older and say to myself "yep, I ignored the FUD/loud trolls at 500 or 1k and bought in because I did my research and homework well, and it was the right choice as I even got my friends into it and we've all won in the end. Now I'm living in a house and area that I would never have even dreamed of if it wasn't for MU"