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andrew boone

T2 · manager / operator

Equity research analyst at Citizens (likely Citizens JMP) covering internet and AI infrastructure; provides detailed CapEx modeling and revenue estimates for hyperscalers.

2 calls·2 names·100% bull·last heard 3 months ago·The Information
track record

no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY

top calls

highest conviction · one per company
1sthigh conviction
$METAMeta Platforms

Citizens' Boone sees Meta API business as $1B+ opportunity, raises CapEx to $200B+

Meta's Muse Spark 1.1 represents a step-function improvement enabling a standalone API business that could capture 5% of Anthropic's projected $30B revenue (~$1.5B), while massive CapEx scaling to $200B+ by 2027 funds both advertising and API growth.

The Information2026-07episode →
2ndmedium conviction
$GOOGLAlphabet

Boone: Google's compute and YouTube data position it for model race comeback

Google's massive compute infrastructure and YouTube's proprietary video dataset give it structural advantages to recover in the frontier model race despite recent Gemini slowdown and talent departures.

The Information2026-07episode →

most discussed · click a bar to filter

  • $GOOGL
  • $META

recurring themes

  • AI Infrastructure1
  • Enterprise AI Adoption1
2 total
$GOOGL
···
Alphabet
MEDandrew boone·The Information·3 months ago·Meta Debuts Muse Spark 1.1, Blue Origin to Raise $10B, Cursor Develops AI Agent
Boone: Google's compute and YouTube data position it for model race comeback
Google's massive compute infrastructure and YouTube's proprietary video dataset give it structural advantages to recover in the frontier model race despite recent Gemini slowdown and talent departures.
"You can't count Google out. They have so much compute... they have the data... YouTube is just this tremendous database... the content within YouTube, where it's like, how do I fi…"
9:49
$META
···
Meta Platforms
HIGHandrew boone·The Information·3 months ago·Meta Debuts Muse Spark 1.1, Blue Origin to Raise $10B, Cursor Develops AI Agent
Citizens' Boone sees Meta API business as $1B+ opportunity, raises CapEx to $200B+
Meta's Muse Spark 1.1 represents a step-function improvement enabling a standalone API business that could capture 5% of Anthropic's projected $30B revenue (~$1.5B), while massive CapEx scaling to $200B+ by 2027 funds both advertising and API growth.
"I think it's a step function change in terms of how you think about Meta over the next kind of 5 years... Meta wants to treat its API of its frontier models as a standalone busine…"
1:47
8
AI Infrastructuretailwind
Five hyperscalers driving AI CapEx cycle higher through 2027
Meta, Amazon, Google, xAI, and others are all accelerating frontier model investment, pushing combined CapEx toward $1T+ with Meta alone at $200-250B by 2027, creating sustained demand for data center buildout, energy, and semiconductors.
7
Enterprise AI Adoptionmixed
Debate sharpens on whether Meta can replicate AWS/Google Cloud enterprise pivot
Meta's Muse Spark API launch reignites the question of whether an advertising-native company can build a credible enterprise cloud business; bulls cite talent and model parity potential, bears cite 15-year failure history and opportunity cost versus core ads upside.