By Peter Rudegeair and Peter Santilli Aug. 16, 2026 9:00 pm ET Each quarter, big tech companies disclose their massive capital expenditures on artificial-intelligence infrastructure, from data centers to chips. But those figures don’t come close to expressing the full …
Some investors argue that Nvidia is beginning to look like a value stock at its current valuation, an unusual claim given its enormous market cap and extraordinary growth to date. Do you think Nvidia genuinely represents great value at its …
Someone posted here this week about footnote and MD&A parsing being painful, and there's another thread going on about where the line sits between AI slop and AI-assisted research. Here's a case that sits on both, and the check in …
The PEG ratio tries to blend valuation and growth, but I have a few problems with it. First I use true FCF not reported earnings. Second, true FCF is too erratic year to year so I use three-year revenue CAGR …
What do you think of Meta's current trial, and how do you think it will impact their stock price?
$5.74 stock price. $3.50 per share in net cash. That leaves $2.24 per share for the operating business which generates $3.50 per share of gross profit (2027 gross margin 64% X $1.5B revenues). If the gross profit never grows again, …
$13.5 billion in one quarter, position up 83%. For a firm that spreads risk across dozens of names, that's a loud statement. Alphabet always splits opinion: too big to grow meaningfully, or still quietly compounding while the market obsesses over …
Terry Smith's three steps are the shortest description of quality investing I've come across. Simple to say but not easy to do. I consider them as three steps for investing. Step 1. Buy good companies. Most people treat good as …
GameStop closed the January 2021 quarter at a $21.13 billion market cap. Nine months earlier it was worth $369.6 million. The story that stuck is that none of it had anything to do with fundamentals, that it was a pure …
About four weeks ago, I wrote up two companies (GRMN and NKE) using the same process and published both with the prices and the reasoning attached. I've reviewed them now, and I'm posting the scorecard, including the half that doesn't …