Raging Capital Ventures on X
@Ross__Hendricks @DratchCap @WarrenPies Equity is abundant even while absolute debt issuance skyrockets. I would think prudent capital allocators would tap the former… (see $GOOG, $ORCL as of late)
NASDAQ
Alphabet Inc.
GOOGL
24 articles
$4.2T Market cap · 2026-08-20
The $1.5 Trillion of Hidden Debt Fueling the AI Boom | Robin Wigglesworth of FT Alphaville
Hyperscalers’ off-balance-sheet lease and purchase obligations rose from roughly $1 trillion to $1.5 trillion, turning the AI buildout into…
catechwilliams on X
$RDDT I don't make bold predictions. I'm a conservative doctor but it will likely be the next $META or $GOOG. Look at those companies 8-10 years ago. Very similar fact pattern. Now $RDDT is dominating search w highly valuable AI. +78% rev on tough comp and just getting started.
BDC on X
Internet analysts once focused on Google Search, Meta advertising, Netflix subscribers and AWS growth. AI-era capex has made those earnings calls more complex.
BDC on X
@FrostByte123456 Yes. $GOOGL needs to feed TWO capex intensive businesses: 1. Search (Gemeni) and 2. Cloud. $AMZN needs to only feed one, which is AWS.
BDC on X
$SNAP will generate more FCF this year than $GOOGL and maybe more than the hyperscalers combined in the 2H ex MSFT! Just sayin...
BDC on X
Good point here re how OBBB flatters cash flow. $GOOGL https://t.co/MkSPZ5NNOZ
BDC on X
@kermankohli GCP is baked into $GOOGL's price already. $META's cloud optionality is obviously not. You may prefer the known thing but its the unknown things that over much more asymmetry.
BDC on X
Alphabet faces a two-front AI capex burden, funding internal search competition and external cloud capacity without Meta’s excess-compute pivot.
BDC on X
@benbstwits Warren Buffett is 96 years old. He had every opportunity to buy $GOOGL over the last 20 years and didn't. The fact that he is showing up now is not the flex you think.
BDC on X
So is $GOOGL going to tap their ATM now? Or wait for it to go lower?
BDC on X
Alphabet beat its stated KPIs, but a 6% stock decline signals investor resistance to hyperscaler AI capex without quantified cash returns.
BDC on X
@LogicalThesis Market might sell $AMZN some here. But the distinction that should be made is that a massive amount of $GOOGL's capex is funding internal compute needs. The majority of AMZN's capex is for external.
BDC on X
Ok so $GOOGL says: -capex materially higher -Q3 cloud margins lower due to 3P capacity used at higher cost -search revs to slow on tougher comp -ambiguous word salad wrt to capex ROIC -ATM not used yet (maybe that's a mistake?) -No buyback in the Q
BDC on X
Sundar on ROIC: "It's very early" "still supply constrained" "multi year view" That should help everyone understand $googl
JabroniCoin.USD on X
Kurian laid out the GCP margin expansion playbook a few years ago $GOOGL https://t.co/bsk7XfK4Ym
Raging Capital Ventures on X
Meta is bought around $590 to $600 despite heavy AI capex, on Reels engagement gains, ad-network tailwinds and AI-driven operating efficiencies.
Why I am going to utilize options more to manage my portfolio
Options strategies will manage portfolio risk after Meta, Alphabet and Amazon calls drove gains, while Lululemon LEAPs produced an 80% loss.
Alphabet Inc. ($GOOGL) - Deep Dive
Alphabet's Google Cloud swung from a $3.1 billion operating loss in 2021 to $13.9 billion profit in 2025 as Search revenue grew 13.2%.
Trying to get access to Google's new agentic AI
Google’s A$205-a-month AI Ultra subscription advertised Project Mariner access, but Australians were excluded from the agentic AI trial.
Thinking aloud about Google remedies
Justice Department remedies could bar Google from using location data it cannot share, weakening targeted ads and traffic routing despite…
Carving Up the TPU
Google’s TPUs give it vertically integrated AI training and inference economics as Anthropic and Meta consider adoption, challenging…
Alphabet 2Q'26: Google Cloud is On Cloud Nine
Alphabet’s 2Q’26 revenue rose 24% to $119.8 billion as Google Cloud grew 82% and tripled operating income, while heavy investment drove…
Google’s AI Return on Investment
Alphabet’s $132 billion AI capex produced an estimated 49% post-tax incremental ROIC once only in-service assets are counted, versus a…
Investor Letters
Letters that discuss GOOGL.
- RGA Investment Advisors The Great Divide: Why the Stock Market is So Concentrated and Where We Are Finding Opportunities Q3 2025 — COF $133BGOOGL $4.2TDFS delistedMA $503B
- Intrepid Capital Mutual Fund Commentary Intrepid Capital Fund 2Q 2026 2Q 2026 +6.6% GOOGL $4.2T
- Wedgewood Partners Are Hyperscalers Still Magnificent? Second Quarter 2026 +9.4% HRMS AMZN $2.8TGOOGL $4.2TMETA $1.4T
- Distillate Capital 2026 Q2 Letter to Investors: Momentum 2026 Q2 — ACN $113BAMZN $2.8TAVGO $1.8TGOOGL $4.2T
- GreensKeeper Asset Management Scorecard #54 – Value in Action Q2 +10.9% ICLR $14BCFRHF $136BELV $86BGOOGL $4.2T
- Weitz Investment Management Letter to Shareholders: Value Matters — Beyond the AI Boom second quarter — AMZN $2.8TGOOGL $4.2TMETA $1.4TMSFT $3.6T
- Oakmark Funds The discipline to stay boring 2Q 2026 +2.5% AMZN $2.8TCOF $133BCRBG $14BGOOGL $4.2T
- RGA Investment Advisors Year Zero: How AI Is Reshaping Our Investment Process Q1 2026 — AMZN $2.8TGOOGL $4.2TNVDA $5.1T
- RGA Investment Advisors Working with AI, Thinking with Discipline Q4 2025 — LSCC $17BAMZN $2.8TGOOGL $4.2TAMDC
- Pershing Square Holdings Letter to Shareholders 2025 +20.9% AMZN $2.8TBN $94BFMCC $3.6BFNMA $7.3B
- Patient Capital Management 4Q25 Portfolio Activity and Attribution fourth quarter of 2025 +6.0% BIIB $33BCHYM $12BCOIN $45BFBTC
- Pershing Square Holdings Letter to Shareholders Six-month period ended June 30, 2025 +15.5% HHH $4.1BAMZN $2.8TBN $94BCMG $47B
