A Book with Legs cover image

The Smead Book List - Fall 2025

A Book with Legs

00:00

How should we view AI CapEx compared to historical infrastructure booms?

Cole and Bill compare current AI hyperscaler CapEx to telecom and railroad buildouts, warning of historical parallels and concentration risks.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app