Great point about Microsoft’s growing disconnect between income and FCF due to its capex needs. AI is likely to exacerbate this trend, especially because it’s difficult to predict the useful life of specialized chips (GPUs).
Really the parabolic stock price and insane P/E's put the onus on the bulls to justify this, not the bears to criticize. Famous comments from 1999 about Sun or Cisco abound. The addicts only know how to do one thing: Put their money in, suck your money in, pull their money out.
Great point about Microsoft’s growing disconnect between income and FCF due to its capex needs. AI is likely to exacerbate this trend, especially because it’s difficult to predict the useful life of specialized chips (GPUs).
Really the parabolic stock price and insane P/E's put the onus on the bulls to justify this, not the bears to criticize. Famous comments from 1999 about Sun or Cisco abound. The addicts only know how to do one thing: Put their money in, suck your money in, pull their money out.