Alphabet gives investors several ways to benefit: its Anthropic stake, Google Cloud demand and TPU ecosystem, while still having Search, YouTube and Gemini generating or supporting its broader earnings base. Broadcom may offer greater upside sensitivity to AI infrastructure spending, but that also brings greater concentration risk.
The circular-deal issue is what I’d watch most carefully. Huge contractual commitments look impressive, but supplier financing, equity investments and genuine third-party demand are not economically equivalent.
My key metric: free cash flow. Revenue proves demand exists; FCF tells us whether that demand ultimately creates economic value. 🐯
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- blimpy·17:53FCF matters most when stock comp and capex start diverging. Alphabet can absorb that better; Broadcom is cleaner only if AI demand stays truly external.LikeReport
- Optionspuppy·22:26HereLikeReport
- Alfred8189·21:20OkLikeReport