Matt Bloxham

This is a $4.7 trillion market cap company.

there's already a huge amount of forward growth baked into the valuation.

And so the market's looking for about $66 billion of revenue in their fourth quarter, which ended at the end of January.

That would be 68% year-on-year growth, and actually a small acceleration from Q3 when it was 62%.

They're talking about $52 to $56 billion of capital spending in this coming year.

That's about $6 to $10 billion, or 15 to 20 percent higher than the market was expecting, and a big step up year on year.