The Magnificent 7 (excluding Nvidia) spent $238 Billion on CAPEX in 2024 - Amazon plans to spend $104B on CAPEX in 2025 - Microsoft plans to spend $80B on CAPEX in 2025 - Google plans to spend $75B on CAPEX in 2025 - Meta plans to spend $60B-$65B on CAPEX in 2025 - Tesla plans to spend $11B+ on CAPEX in 2025
BREAKING: The December jobs report has been revised HIGHER, showing 307,000 jobs added for the month, up from 256,000. That's the strongest jobs number since March 2024.
$280 PT on AMZN, bullish: (1) growing AI contributions to AWS growth as capacity constraints abate beginning in 2H25, (2) more meaningful improvements in costs, (3) commercialization of AI capabilities in Alexa, (4) monetization of Project Kuiper on deck🔥🏆🐂🍿
Pinterest $PINS reported Q4 2024 revenue of $1.15B (+18% YoY), marking its first-ever billion-dollar quarter, though EPS of $0.56 missed estimates. Global MAUs grew 11% YoY to 553M, with strong engagement across all regions, while ARPU increased 6% YoY globally. Adjusted EBITDA rose 28% YoY to $471M, and net income surged to $1.85B, largely due to a $1.6B tax benefit. The company repurchased $100M in shares and continues to focus on lower-funnel advertising growth and international expansion. CEO Bill Ready called 2024 a “banner year”, emphasizing record engagement and revenue growth. Pinterest was up 18% after earnings.
Robinhood $HOOD will report Q4 and full-year 2024 earnings live on video for the first time on Feb. 12 at 2 PM PT. This is the first time in history the company is doing an earnings call via video. CEO Vlad Tenev said: "We love our retail investor community. We got some feedback on prior earnings calls that they may be a little dry and could be better to listen to. We took that seriously and so I'd love to announce that we are going to do a live video earnings call for the first time."
OpenAI has confirmed Texas as the flagship state for Project Stargate, with construction already underway in Abilene. 16 states have expressed interest in hosting AI data centers, with more site announcements expected this spring. The campuses will reach 1-gigawatt capacity, creating thousands of jobs. The first compute tranche in Abilene is set for handover later this year.
$PLTR current market cap = $258B # of employees: 3,735 Each employee is worth: $69,076,305 in terms of market cap ——————————- $NVDA current market cap = $3.15T # of employees: 29,600 Each employee is worth: $106,452,703 in terms of market cap Just staggering numbers!
$AMC shorts keep covering. $AMC short interest is $144.7 million, 46.22 million shares shorted, but we've seen 3.3 million shares, worth $10 million, bought-to-cover in 2025, a 7% decline in total shares shorted. $AMC Shorts are up +$39 million in 2025 year-to-date mark-to-market profits, up +21% for the year but we are seeing some short sellers cashing in their chips and look for greener pastures elsewhere. @S3Partners
Tesla $TSLA has raised the Model X price by $5,000 in the U.S., bringing the Model X LR to $84,990 and the Model X Plaid to $99,990, while it no longer qualifies for the $7,500 federal EV credit. However, all new Model X orders now come with free lifetime Supercharging. Meanwhile, Tesla short sellers are up $1.90 billion in YTD mark-to-market profits. In Canada, Tesla has introduced 0.99% APR financing for new Model 3 orders, available for purchases placed by March 7 with delivery by March 31. $TSLA was down 1% today after recovering from an intra-day low at $363.18.