Postaus

Meta is spending like a hyperscaler, but has nothing to show for it $MSFT, $AMZN and $GOOGL sell compute $META uses it internally to improve ads, recommendations, engagement and products That makes Metas CapEx safer in one way and riskier in another Safer because AI can strengthen an already profitable core business Riskier because there is no cloud segment to absorb weak returns (for now) The day Mark officially announces Meta Cloud, most of the risk of the CapEx evaporates And we all know what happens with stocks when risk suddenly is reduced...