TL;DR — SpaceX’s IPO is expected to list around June 12, with bankers whispering about a fast-tracked Nasdaq 100 inclusion within 15 days. Buying the equity directly exposes investors to 90 days of unvetted, pre-earnings volatility; holding Alphabet offers...
TL;DR — Alphabet posted its strongest revenue growth since 2022: $109.9 billion, up 22% year over year, with Cloud at $20 billion (+63%) and a $460 billion backlog. Operating margin held at 36%, but the same print raises open questions on dividend sustainability,...
TL;DR — Alphabet’s reported EPS of $5.11 beat the $2.63 consensus by 94%, but $2.35 of that came from a non-cash, mark-to-market gain on equity securities. Strip it out and adjusted EPS was $2.62, essentially in line with estimates, a distinction that explains...
TL;DR — Consensus framed Alphabet’s $175 billion to $185 billion 2026 capex plan as a defensive, speculative burden. The accounting says otherwise: a $242.8 billion revenue backlog, mostly Google Cloud, means much of that spending fulfills contracts already...
TL;DR — Alphabet’s Remaining Performance Obligation stands at $240 billion, a contractual floor on future revenue that the market’s capex panic isn’t pricing in. The real 2026 question isn’t the backlog’s size but how efficiently it...
