capex

#capex

@WinForKakei: Let me use Tencent as an example. Tencent's 2025 capex is even lower than guidance. As clearly stated in last year's earnings call, this is because they couldn't buy NVIDIA GPUs (due to AI chip supply constraints) and were unwilling to buy domestic chips. Of course, they compromised this year and have started ordering Kunlun chips. Actually, Pony Ma is not as Zen or content with being a latecomer as people say...

X AI KOLs Following ↗ · yesterday

The article discusses Tencent's AI capex constraints due to NVIDIA chip shortages and its recent shift to using Kunlun chips, analyzing the company's valuation and strategic positioning in the AI landscape.

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#capex

@apoorv03: One of the most substantive classes with @ChaseLochmiller at Stanford. We went deep on economics of the datacenter: - W…

X AI KOLs Timeline ↗ · 2026-04-22 Cached

Stanford class lecture by Chase Lochmiller dissecting the $650B AI infrastructure capex flow, margin capture, and shifting bottlenecks from GPUs to other datacenter constraints.

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capex

@apoorv03: One of the most substantive classes with @ChaseLochmiller at Stanford. We went deep on economics of the datacenter: - W…

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