Wall Street consensus estimates for hyperscaler free cash flow. Provides a good snapshot of where the market's head is at, I think:
Two reads on why analysts see massive FCF leap after 2028. One: they believe that AI will be an all-time great business. Two: they can't get their DCF models to spit out numbers higher than current share prices without putting big numbers into the out years. Some of both?
You can now buy SpaceX for only 2.7 Berkshire Hathaway's. Get in while you can!
THE POD
me & @robarmstrong.bsky.social & our Middle East ed Andrew England, who I don't think is on here, on:
-no but seriously what is going on in Iran?
-deal or no deal?
-walruses
-sand
-the Great Brotation
open.spotify.com/episode/5xrA...