Not sure why you'd short Google. Their business was doing great pre-AI, and will likely do great regardless of what happens to AI. The rumors of their demise when AI hit the scene were clearly greatly exaggerated.

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pier25 5 hours ago | parent | next [-]

Excluding all the capex from AI this last quarter has been one of their best.

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hansmayer 5 hours ago | parent [-]

> Excluding

But you don´t get to to that. Would be like "Excluding my business costs, my company profits are the same as my revenue".

	▲	delecti 5 hours ago \| parent \| next [-]
		I think the point is more: as soon as they stop with the AI silliness they'll return to being a quite strong business.
	▲	overfeed 3 hours ago \| parent \| prev \| next [-]
		The implication is if AI implodes, the AI-related expenses go away and what remains is a great business.
	▲	mr_toad 4 hours ago \| parent \| prev \| next [-]
		> But you don´t get to to that. You can, and for tax purposes you must. The bean counters hate that you can’t deduct capex.
	▲	aoeusnth1 5 hours ago \| parent \| prev \| next [-]
		The return on capital is also phenomenal. To be a bear, you have to assume that will crater.
	▲	jhpankow 4 hours ago \| parent \| prev [-]
		EBITDAI

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next_xibalba 6 hours ago | parent | prev | next [-]

There is quite a bit of information out there as to how Google is achieving short term growth in their core search business. And boy, it is ugly. It does not signal long term continued growth.

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adabyron 5 hours ago | parent [-]

Please explain more. I haven't seen anything of quality. Best I can observe is they've increased ads on videos and pages.

	▲	4 hours ago \| parent [-]
		[deleted]

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hansmayer 5 hours ago | parent | prev [-]

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