5 ms·
Not sure why you'd short Google. Their business was doing great pre-AI, and will likely do great regardless of what happens to AI. The rumors of their demise wh
by matwood 3mo ago
Not sure why you'd short Google. Their business was doing great pre-AI, and will likely do great regardless of what happens to AI. The rumors of their demise when AI hit the scene were clearly greatly exaggerated.
- next_xibalba 3mo agoThere is quite a bit of information out there as to how Google is achieving short term growth in their core search business. And boy, it is ugly. It does not signal long term continued growth.
- pier25 3mo agoExcluding all the capex from AI this last quarter has been one of their best.
- hansmayer 3mo ago> Excluding But you don´t get to to that. Would be like "Excluding my business costs, my company profits are the same as my revenue".
- aoeusnth1 3mo agoThe return on capital is also phenomenal. To be a bear, you have to assume that will crater.
- delecti 3mo agoI think the point is more: as soon as they stop with the AI silliness they'll return to being a quite strong business.
- mr_toad 3mo ago> But you don´t get to to that. You can, and for tax purposes you must. The bean counters hate that you can’t deduct capex.
- jhpankow 3mo agoEBITDAI
- overfeed 3mo agoThe implication is if AI implodes, the AI-related expenses go away and what remains is a great business.
- hansmayer 3mo ago[dead]