Caroline Hyde

And so now having this shift, we're seeing investors reward it on some ends and then really punish it on others.

So, you know, Microsoft, we saw

you know, jump after its latest earnings report, but Meta sort of got hit because Zuckerberg, you know, didn't explain enough about the return on investment of this spending.

The other thing that's interesting is that this capital expenditures as a portion of revenue have jumped, which to a level that's not normal for tech companies.

So for Microsoft, its capital expenditures are now 20% of its revenue.

And in addition, you know, Alphabet and Amazon, these spending to sales ratios are some of the highest in the market.

Okay, so we now have to perhaps

THANKS FOR WATCHING.

digest a period of higher capital expenditure.

We're meanwhile worrying about some of the financing that goes on within it, some of the circular financing that's been the narrative.

But today the market jumps.

Why?

What are you hearing from the investors you're talking to?

Yeah, I mean, I think that last week was very interesting.

I think we're seeing a little bit of debt buying, some more optimism and enthusiasm coming back into the market.

There's a, you know, NVIDIA's CFO was speaking this morning.

There's just a lot of tech news sort of coming back into the market that people are getting excited about.

Well, I'll see if it holds.

Santa Raleigh upon us potentially.

Carmen Reinecke, we so appreciate your time.