People selling GOOG due to massive capex, what’s your thesis? I see it as bullish

AI Summary

Bullish view on Google (GOOG) arguing that sustained hyperscaler AI capex signals real ROI and that backing an exceptional company beats analyst skepticism.

GOOG — LONG The author argues that Google's massive and repeated AI infrastructure capex is justified by its data and user base, and that real AI adoption makes it unlike Meta's metaverse spending. He prefers backing Google over TV talking heads or analysts, citing a strong recent earnings print as support. The main risk acknowledged is the debate over whether such large capex can generate credible positive ROI.

I’d rather back the exceptional company that is Google (backed by the stellar print today) than talking heads on TV or financial analysts.

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u/TwelfieSpecial Reddit r/stocks

Google AI capex justified, bullish over skeptics

The author argues that Google's massive and repeated AI infrastructure capex is justified by its data and user base, and that real AI adoption makes it unlike Meta's metaverse spending. He prefers backing Google over TV talking heads or analysts, citing a strong recent earnings print as support. The main risk acknowledged is the debate over whether such large capex can generate credible positive ROI.

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