1 Hyperscaler Stock to Buy, 1 to Hold, and 1 to Avoid

The article evaluates three major hyperscaler stocks in the AI infrastructure space. Amazon is recommended as a buy due to strong cloud growth, custom chip advantages, and its stake in Anthropic. Microsoft is rated a hold after proving skeptics wrong with solid earnings and a sticky SaaS business. SpaceX is recommended to avoid due to unsustainable cloud pricing, technical challenges with space data centers, and an extremely high valuation of 39x forward P/S ratio.