Wall Street Wednesday — Episode #8 THE GREAT CAPEX BET: Spend Today, Profit Tomorrow—or Build Too Much?

Wall Street Wednesday — Episode #8THE GREAT CAPEX BET: Spend Today, Profit Tomorrow—or Build Too Much?The largest technology companies are committing historic amounts of capital to artificial intelligence infrastructure—but will today’s massive spending create tomorrow’s profits, or leave shareholders carrying the cost of excess capacity?In this episode of the Unbearably Bullish Podcast, host Donald Johns follows the money behind the global AI infrastructure buildout. We explain capital expenditures—or CAPEX—and examine how investments in data centers, semiconductors, servers, cloud computing, electrical power, networking and cooling systems can affect corporate growth, free cash flow and shareholder value.Inside the episode:• What CAPEX is and how it differs from operating expenses• Why Amazon, Alphabet, Microsoft, Meta and other technology companies are accelerating AI infrastructure investment• How capital expenditures affect cash flow, depreciation and earnings• Productive CAPEX versus overbuilt capacity• Lessons from railroad, telecommunications, energy and internet infrastructure cycles• The Bull versus Bear case for the AI spending boom• Opportunities and risks across chips, data centers, power, cooling, networking and construction• The CAPEX Scorecard: revenue growth, free cash flow, return on invested capital, utilization, depreciation, financing, backlog and management discipline• The Wall Street Wednesday Challenge for evaluating corporate investment decisionsThe technology may transform the world—but that does not guarantee every company funding the transformation will produce an attractive return.Don’t follow the headline. Follow the capital. Measure the return.🎙️ Hosted by Donald Johns🌐 www.thebullyoucantbear.comStrong Markets. Stronger Mindset. Unlimited Opportunity.Disclosure: This podcast is provided solely for general educational and entertainment purposes. Nothing presented constitutes financial, investment, legal, accounting or tax advice; an offer or solicitation to buy or sell any security; or an endorsement of any company, product or strategy. Companies are discussed only as educational examples. Financial figures and corporate guidance are based on publicly available information available at the time of recording, may be rounded and may change. Investing involves risk, including possible loss of principal. Past performance does not guarantee future results. Conduct independent research and consult appropriately qualified professionals regarding your circumstances.