But why finance it at all if you have (I assume) the cash laying around? That seems a tad risky if the bet doesn't work out.
Not nitpicking your answer, I just don't understand.
Not nitpicking your answer, I just don't understand.
The risk if it doesn't work out is that everyone gets diluted 1.67%
In this statement, their 2025 capex was $91.45B. They expect their 2026 capex to be $180B-190B. And they expect their "2027 capital expenditures to significantly increase compared to 2026."
So they simply don't have the money. Up until now, I thought the bubble talks about AI were silly because all these companies were using cash flow to fund their capex. These numbers are so astronomical now that a company that had $132B in net income has to take debt or issue stock to pay for it.