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Can We Talk About AI Capex? Ryan Is Buying Google Stock; Philip Morris Hits New Highs (GOOG, PM)

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Navigating Capital Expenditure in Tech

This chapter analyzes the substantial capital expenditures (CapEx) planned by major tech companies like Meta, Microsoft, Amazon, and Alphabet, particularly in AI and data centers. The discussion covers projections, historical trends, and potential risks, including concerns about overcapacity and market volatility. Emphasizing the cyclical nature of these investments, the speakers caution against overly optimistic growth forecasts and the implications for profit margins in the semiconductor market.

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