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Big Tech's Capex Is Half of Wall Street's Profit Growth

13 points · 21 comments · speckx

  1. simpaticoder · · focus · HN ↗
    Unless something big changes we're heading toward a period of unprecedented capital concentration, even more than we have now which is extreme. There will be a few winners out of the current frontrunners who own all non-physical human-like labor. Owning a few tens of shares in those companies will be generational wealth, so it makes sense more money is flowing into the stock market and into tech stocks in particular.
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