Berkshire Prints $397 Billion in Cash and Greg Abel Says No AI for the Sake of AI
Greg Abel ran his first Saturday in Omaha by hoarding cash and refusing AI — the cohort vote against the $715 billion capex regime is now 5 to 2.
Theo Kaplan
Bureau: San Francisco
Cerebras Roadshow Opens Monday at $40 Billion Against a $22-25 Billion Band
When the same prospectus page lists OpenAI as customer, lender, and warrant holder, the bookbuild is no longer about chips — it is a referendum on counterparty geometry.
The Hyperscaler Cohort Splits Five-to-Two — Five Spend $715 Billion While Apple and Berkshire Do Not
Five firms will deploy $715 billion of AI capex in 2026; two will not — and the two that abstain are the ones whose shareholders write the loudest checks.
Apple's Hundred-Billion Buyback Is the Only Magnificent Seven Vote Against the AI Capital-Spending Regime
Apple authorized a $100B buyback and a 4% dividend bump while running ~$13B in FY26 capex against the rest of the Mag-7 cohort spending $715B on AI.
Meta's Twenty-Five-Billion Bond Was Four-Times Oversubscribed and the Stock Dropped Nine and a Half Percent the Same Week
The bond market gave Meta a ninety-six-billion-dollar order book; the equity market took nine and a half percent off the price; the same balance sheet got two incompatible answers.
Disney Prints Wednesday and the Test Is Whether the FCC License Proceeding Lands in the Eight-K or Hides in the Ten-Q
Wednesday's pre-bell Disney print is the test of whether the eight ABC license proceedings show up in the 8-K headline or hide in the 10-Q cautionary statements.
Aramco Prints Q1 on May 10 With Analysts Expecting a 56 Percent Profit Jump From the December Quarter
A SAR 108.8 billion forecast turns the cartel-discipline question quantitative one week after the Sunday production add.
Caterpillar Q1 Tariff Bill Lands at 600 Million as the Full-Year Drag Is Cut to 2.3 Billion
The 800 million expectation came in 200 million light and the full-year drag dropped 300 million while the backlog hit 63 billion.
The Saudi Sovereign Rebalance Lands as an FCC Filing With 38.5 Percent Gulf Equity in the Combined Paramount-Warner
PIF wound down LIV and bought into Paramount-WBD in the same week and the FCC petition is the documentary instance.
The White House Is Drafting an Anthropic Civilian-Agency Order While the Pentagon Signs Deals With Its Rivals
Two parts of the same administration are running opposite playbooks on the same vendor in the same week.
Microsoft Put 281 Billion of OpenAI Concentration on Page Nine and Disney Reports on Wednesday
The 8-K does not name the concentration and the 10-Q narrative does — Disney's Wednesday print is the test of whether the same architecture covers the FCC license cliff.
SpaceX Bridge Loan Hits Three Weeks With Lead Banks Still Unnamed in the Filing
Eighteen months, two extensions, five facilities replaced, $20.07B of debt — and the syndicate that wrote it remains a row of blanks.
Tumbler Ridge Docket Shows No Scheduling Order as Ottawa Waits on OpenAI's Own Information
Seven Edelson complaints consolidated in California, $1B sought, and a Canadian government on hold for the defendant's data before it writes the rule.