3 ms·
It could be thought of as quantifying the investment. Investors don’t value internal investment at zero. A vague idea that there is more to come is why tech com
by skybrian 3y ago
It could be thought of as quantifying the investment. Investors don’t value internal investment at zero. A vague idea that there is more to come is why tech companies have large P:E ratios.
A stock’s valuation mostly consists of guesses about what the future will bring. Sometimes there are more numbers quantifying aspects of those guesses.
Revenue is supposedly about the present, though. If some of the revenue comes indirectly from AI companies spending Amazon’s money, it’s a little odd. Maybe not materially so, though, when total revenue is above $500 billion a year?