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.
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.
Excluding all the capex from AI this last quarter has been one of their best.
> 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".
I think the point is more: as soon as they stop with the AI silliness they'll return to being a quite strong business.
The implication is if AI implodes, the AI-related expenses go away and what remains is a great business.
> 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.
The return on capital is also phenomenal. To be a bear, you have to assume that will crater.
EBITDAI
There 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.
Please explain more. I haven't seen anything of quality. Best I can observe is they've increased ads on videos and pages.
They search used to be good and became rather bad.
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