To be precise I wrote 'in books' which record also revenue, not just profits. Increasing cloud revenue is one of the things that drives big corps share price up, the missing bit is that this revenue comes from big corps themself. The growth investors mantra is that as long as revenue is increasing rapidly, they don't care much about today's profits, this is why so many unprofitable companies have crazy high valuation.
No it doesn't. The revenue it gets back is valued only at a fraction, because it's only worth its profit. Revenue != profit.
And your "the value of which will rapidly grow" is doing all the work here. That's not guaranteed. It might collapse as well.
It's not money printing at all. It's tying up cash long-term in exchange for a much smaller amount of profit short-term. Which is risky but entirely normal.
Nothing "money printing" about it.