AI CapEx inflates earnings, masks true market cost
The host argued that the S&P 500 is more expensive than its P/E ratio suggests because earnings count the revenue from AI spending but do not fully subtract the massive capital expenditures of the spenders.
Sign in to read the full idea
The argument, what validates it, the risks discussed and hearing it from the source are for signed-in members. Free accounts read 3 ideas in full a day. No card required.