“we're taking up CapEx by about $20,000,000,000 for this year. Why? Because memory prices are up so much. we break even on the data center sort of server component, which is the shorter life, five year kind of depreciation life of the chips and the GPUs, etcetera, in about two to three years.”
No settled horizons yet — outcomes appear at 30/90/365 days.
Risk: max drawdown 4.7%
· volatility 8.1% ann.
· Sharpe-proxy -14.84