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Open original source ↗These massive increases in AI-related capex estimates will also pull up S&P 500 EPS estimates for 2026-27, given the accounting mismatch for revenues/profits(immediate recognition) and costs (mostly capitalized). The profits “magic” of capital spending booms.
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"I'm willing to go bankrupt rather than lose this race." Google co-founder Larry Page on the AI spending race. Looks like he wasn't kidding. https://t.co/MfAbbLZ69h
RyanDetrick ↗