Travis Hoium

Especially maybe in the Midwest.

And I'm more familiar with that being here.

But, you know, probably every part of the country and every part of the world is there are just these rock solid businesses that are going to exist forever because they sell something that people need.

And Buffett was happy to scoop them up if the price was right.

If you thought the AI boom was ending soon, I have bad news for you.

Welcome to Motley Fool Hidden Gems Investing.

Welcome in, everybody.

My name is Travis Hoey.

I'm joined today by Lou Whiteman and John Quast.

And as much as I would like to move on from the artificial intelligence story, guys, we have to talk about one of the crazier weeks that I can remember during earnings season.

On one day, we had Alphabet, Microsoft, Amazon, and Meta report earnings, not even just a day, within about a 20-minute span.

And John, the numbers were absolutely crazy.

Alphabet was the one that stuck out to me.

63% growth in their cloud business.

All the other companies are growing at astronomical rates as well.

We've talked about the AI spend, which is getting close to a trillion dollars per year in CapEx.

The growth is phenomenal.

But are we at this point where it has to be that good to justify these ever larger numbers of capex spend?

So, somewhere around $1.3 trillion.

And just to be clear, RPO, remaining performance obligations, is like, Anthropic signs a big contract for compute that would go into RPO.