▶ 1:27 · $GOOGL · Big Tech is Crushing It. What's the Catch?

episode briefing

Big Tech is Crushing It. What's the Catch?

2026-05-01 · 12 company · 5 thematic

sentiment

9 bull0 bear3 neu

speakers

Co-host of Limitless Podcast (episode 210), a 4x/week show covering the frontier of AI and technology with a newsletter reaching hundreds of thousands. The podcast recently spun out as an independent entity.

ejaaz

quote

“Google Search grew 20% to 60 billion dollars... the headline here is that capital expenditure is going up, meaning the money is going to be spent on building out the infrastructure required to scale AI at the same time that they're actuall…”

—josh kale

episode shorts · 2

This Makes ChatGPT 10x Better

AI Earnings Are Exploding

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Google Cloud backlog hits $462B with compute-constrained demand driving 2027 CapEx acceleration

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$ANTHROPICbullish· mediumjosh kale

Anthropic valuation markups driving GAAP earnings for Google and Amazon; circular AI investment economy

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AWS growth re-accelerates to 28% with $200B CapEx and OpenAI partnership via Bedrock

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$BE···bullish· highejaaz

Bloom Energy up 1,400% YTD as data center power beneficiary; Leopold 13F shows position 3x to $2.7B

Hyperscaler CapEx flowing into data center energy infrastructure. Bloom Energy captures fuel cell/power generation for AI data centers, up 24% on earnings day. Smart money (Leopol…

$SNDK···bullish· highejaaz

SanDisk 30x return in 2 years as memory supply constraint drives pricing power

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$META···bullish· medium· posjosh kale

Meta beats EPS by 53% with AI-driven ad conversion gains; stock down 9% creates buying opportunity

Meta's AI integration into advertising delivery beat expectations (revenue +33% YoY) and is beating Google at search advertising. Market oversold at 16x forward PE due to advertis…

$MSFT···neutral· mediumjosh kale

Azure grows 40% but AI product execution lags; OpenAI stake worth 10x but Copilot adoption failing

Cloud infrastructure (Azure) printing money at 40% growth with $190B CapEx, but AI application layer (Copilot) losing to Anthropic/OpenAI/Google. Mustafa Suleyman not delivering;…

$OPENAIneutral· mediumjosh kale

Microsoft's 27% OpenAI stake worth 10x cost but partnership fracture creates long-term IP risk

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$AAPL···neutral· lowjosh kale

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$SPCX···bullish· mediumejaaz

SpaceX markup contributes billions to Google earnings; pre-IPO valuation inflection approaching

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$CURSORbullish· highjosh kale

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$ELEVENLABSbullish· mediumjosh kale

Eleven Labs pays $11M to voice creators building AI music royalty infrastructure

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