I’d honestly be shocked if $GOOGL doesn’t double beat today and raise Capex again. Keep in mind they just raised up to $80B in fresh capital, including $10B from Berkshire, while AI/compute demand continues to explode and memory costs move higher. What would shock me even more is if Google raises capex and the stock has a big sell off because the market is somehow caught off guard? At this point, higher Capex should definitely be baked in, only real question will be ROI and if its justifiable which I think it will be. Lets see!
View on X ↗