You are comparing oranges and apple, they are no think alikeAPX...

You are comparing oranges and apple, they are no think alike

APX is in the business of endless data, produce once sell to many, cost of production dropped as you sell the same data to many customers
A2 is in the business of food production to sell 2 can of milks you got to produce 2 cans of milks, you can't doing it any other way
APX can produce one set of trained data annotation and sell to 10 customers or 100 customers.

AI data is not a single market like China Comsumers, sure you get earning variation through the cycles with different business spending different amount and big tech concentration is a risk but it not a deadly risk, and because they are big players they just spent more on data

you have many big tech not just a single big tech Microsoft,Amazon,Facebook,Google,Nvdia there are hundred of them around, is there 10 China?