Vad är den korrekta avskrivningsplanen för anläggningstillgångar; Ai-investeringar

Analysts expect S&P 500 companies’ earnings growth to top 20% for a second consecutive quarter in the current period, in part because of soaring profits by semiconductor makers and other AI-infrastructure companies. This has lent crucial support to the booming stock market, helping keep valuation ratios in check.

When Nvidia sells its chips, for instance, it books the revenue and earnings quickly. 

But its end customers treat the purchases as capital assets, recognize them only gradually as depreciation on their income statements.

So, while the outlays immediately hurt the customers’ free cash flow, they get to spread out the acquisition costs over many years. This is the normal way assets get booked and then gradually written down. 

What stands out is the sheer size of the capex boom.

Jonathan Weil Wall Street Journao June 18, 2026

https://www.wsj.com/finance/turbocharged-earnings-are-pushing-stocks-higher-theres-a-catch-100839c9


Sällan har investerare varit besatta av ett ämne så till synes banalt som den korrekta avskrivningsplanen för anläggningstillgångar

Michael Burry, den berömda investeringsförvaltaren som spelades av Christian Bale i filmen "The Big Short" från 2015, hällde nyligen olja på elden. 

"Att förlänga livslängden minskar avskrivningskostnaderna och ökar de synliga vinsterna", skrev han.

 "Det är ett av de vanligaste bedrägerierna i modern tid och resulterar i övervärderade tillgångar och överskattade vinster."

https://englundmacro.blogspot.com/2025/12/sallan-har-investerare-varit-besatta-av.html


Parallels Between AI Mania and the Dot-Com Bubble; Nasdaq double, Nasdaq bubble?

https://englundmacro.blogspot.com/2025/12/parallels-between-ai-mania-and-dot-com.html


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