$META

The market reaction of punishing $META because of the increase in CapEx will turn out to be very wrong IMO. In the $META Q325 earnings call, Zuck already explained well that if $META overbuilds their compute infrastructure for internal needs, they can sell it to external parties. We are in one of the biggest compute demand/supply imbalances that seems to be getting worse, not better. $GOOGL GCP CEO Kurian expects demand to be bigger than supply for 10 years. $META's enormous AI compute capabilities will either return ROI in the form of their products (which they are already showing) or/and give great ROI by selling compute to external companies. $META investing in AI data center compute is a big asset, not a cash burn, similar to what metaverse investments were in large. The market is