CapEx

2 statements across 2 episodes · 1 bullish · 0 bearish · 2 people on the record · first statement Oct 10, 2025 by Dave Morin · across every show →

Everything said about CapEx, oldest first

Oct 10, 2025

Assertion Supported

Dave Morin: Apple spends 10-20% of income on CapEx versus 50%+ for peers

“Apple spending something like 10 to 20% of income on this capex. Everyone else is like well north of 50.”

Dave Morin Oct 10, 2025 ▶ 34:13 Oracle's GPU Margins, OpenAI’s Consumer Playbook, and the Ads vs Commerce Endgame · More or Less Podcast

Feb 13, 2026 bullish

Opinion

Sam Lessin: Apple's low AI CapEx positions it to win decentralized AI

“The irony of all this is kind of plays to Apple's hands in a weird way, right? Like I have to say I am a perennial Apple hater. I love how little they're spending on CapEx. I think it's the greatest thing ever.”

Sam Lessin Feb 13, 2026 ▶ 35:35 Why OpenAI Can't Win The Decentralized AI Future (OpenClaw, Apple's Win, X.AI Exodus) · More or Less Podcast

Turn any episode into a week of clips.

This entire site, over 150 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.

CapEx

Everything said about CapEx, oldest first

Turn any episode into a week of clips.