The $132 Billion CapEx Dislocation: Why Amazon’s $3 Billion Free Cash Flow Yields Nothing in a 5.24% World
Amazon cash flow audit: $132B aggregate CapEx run-rate, AWS data center depreciation schedules, and compressed real equity yields.
Macro & Alpha
The 72x Revenue Multiple in a 5.3% World: Inside Palantir’s Valuation Dislocation
Palantir valuation teardown: commercial AIP customer monetization vs historical government contract growth rate.