A company posting the biggest profits in its history while its stock gets cheaper by the month is a company the market expects the spending to bury. Meta was that company in 2022, losing two thirds of its value before returning more than fivefold in under two years once the spending dialed back. Now, that same setup sits inside three companies that more or less own the current AI economy. Nearly everything in AI runs on rented computing, and the three companies that sell it c