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Lic. en Finanzas PM Fixed income|Equity

[formalcatattire @formalcatattire]

Women act like little girls if they feel protected and very attracted to you. They act like a mom when they think you are a worthless loser. It is what it is. So much of the discourse on here is people being mad about biological impulses.

[David Scutt @Scutty]

No matter how many times I’ve listened to this, it still ends with tears in the eyes 😂

[Kris @1444_kris]

Every once in a while finance chads have to beat tech bros back to their dungeons

[Joseph Carlson @joecarlsonshow]

This market is so weak. Selling Google after a blockbuster report. Selling Meta because of a deliberate one time EPS miss and faster than expected organic growth. Microsoft barely up 3% and still down 17% this year after an amazing report. Everyone racing for the exits because these companies are spending on capex to massively expand.

Investors selling today don't deserve these companies. And they will get the price they deserve, much higher, when they want to buy back in years later.

[. @akamm21]

@steve2bacon 😂😂

[scar @imfat]

I love saying “sounds good” at work when i couldn’t care less

[. @akamm21]

@BoringBiz_ 🤣

[. @akamm21]

@CarlosMaslaton Que locura charly, no consumis nada.

[Joe Lonsdale @JTLonsdale]

A civilization powered by nicotine is vastly preferable to one powered by marijuana.

[Marcos Galperin @marcos_galperin]

@RAMIROMARRA Coincido. Cuidar la cultura occidental no es ser racista. La cultura occidental es la más abiertas de todas las culturas en la historia de la humanidad. Por eso hay que cuidarla y protegerla de los invasores que no la quieren ni la respetan.

[. @akamm21]

@KGeorgieva @LuisCaputoAR @YPFoficial @HoracioMarin_ok Kristalina, so excited to have u here. Tears in my eyes

[. @akamm21]

@Nezukoa4 Always the goat

[David Orr @orrdavid]

Way overrated: Michelin starred restaurants

Way underrated: Michelin mentioned restaurants

[High Yield Harry @HighyieldHarry]

Wait PE? Like a gym teacher?

[. @akamm21]

Siempre

[Nicolás Suárez Colman @NSuarezColman]

Nancy Pazos te llora hambre y se encadena en el congreso... pero acá la tenes tomando un vuelo en Business de United Airlines con su equipaje de Louis Vuitton de 5 lucas verdes en Houston (USA).

No quiere que se viralice la foto...

[. @akamm21]

@porqetendencias Viendo los comentarios, que bajo debe estar el IQ promedio mamita

[. @akamm21]

@BlueDuckCap Capex shows returns with a lag. Doesn’t mean the relationship is broken.

[LBO_Guy @The_Analyst_Lab]

IS $GOOG CAPEX WORTH IT? (2Q26 update)

Three months ago I did the napkin math on $GOOG's AI capex returns. Q2 just dropped so how is Google doing?🧐

Capex DOUBLED YoY to $44.9bn in a single quarter. TTM capex is now $132bn (+98%!!)😵‍💫. Total costs +21% (R&D +32%). Depreciation +42%. Shared AI R&D +72%. This btw is model training which is not allocated to cloud, so improves cloud margins, training is allocated to the group.

So capex going ballistic and costs, depreciation and R&D ballooning as well, everything screams margin compression, right? Wrong😉. Revenue +24%, operating income +30%, margin EXPANDED 2pp to 34%.

Just look at this anon! When GPT launched Google's operating income had peaked and the picture was not looking good. ChatGPT released on november, once we had 3Q22 print, so 4Q22 and the future quarters were looking dicey at best. Lot's of fear. Of course, you'll know that one needs to be greedy when others are fearful so here is what happened. TTM operating income doubled from $75bn to $148bn and 2Q26 operating income of 41bn is 2.25x higher than 4Q22 print.

You know how many companies have done that after the 2021-22 price increases hangover? Well, pretty much nobody!! Everyone is decimated, consumer stocks, chemicals, autos, luxury goods, spirit stocks... there is no PP!!

So yes, this companies are seeing massive returns on capex up until now. How massive?
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