Bloomberg just broke down how the AI bubble is being built:

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Investing advice from Benjamin Graham

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Global equity returns through 8 months... bilello.blog/newsletter

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President Nixon “temporarily” suspended the gold standard in 1971 because the U.S. couldn’t cover foreign dollar claims. Today, The U.S. holds just over $800 billion in gold, which has NOT been audited, but owes over $7 trillion to foreign creditors. Just think about this for…
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$TSLA Tesla Q3 FY24: • Revenue +8% Y/Y to $25.2B ($0.5B miss). • Gross margin 20% (+2pp Y/Y). • Operating margin 11% (+3pp Y/Y). • Capex +43% Y/Y to $3.5B. • Free cash flow +223% Y/Y to $2.7B. • Non-GAAP EPS $0.72 ($0.12 beat).

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