AMZN has strong e-commerce/AWS/ads cores but massive CapEx and future chip depreciation will suppress EPS growth.

Amazon, AMZN. This one I absolutely love between the e-commerce side, the AWS side, which is accelerating rapidly right now in regards to growth rates, and then they got their ads business, and they got a bunch of other businesses, but those three are the cores, right?

And so this one's definitely an honorable mention.

The only thing, the only thing I don't like about Amazon is the massive massive spend, and it's not going away, and they're going to have big depreciation on these chips coming over the next several years, and so that's going to hold back earnings per share quite substantially, and I don't think people have done the math around this yet, and they're not the only ones, by the way.

Everybody's getting hit by this. Meta's already starting to get hit by it, it's going to get hit a lot worse. Google, Microsoft, all these companies, right?

But um yeah, Amazon, I mean, at the end of the day, is Amazon a money maker over the next 3 years? Yes, but man, their CapEx is out of control right now. And and and it's it's going to get worse likely next year.

Like they're going to probably take their CapEx numbers even up a lot more, and um the exciting part is wow, look at the AWS growth, but I mean, that that that growth comes at a big cost, and we're talking a cost of hundreds of billions of dollars, so do keep that in mind.

How much is Amazon going to spend?