$GOOGL

Does he own it?

He twice frames himself as long the large-cap (says he would "remain long" it, and front-ran it for the large-cap rally) and includes it in his stated-return stock baskets. But there is no sizing, weight, or "I added" language. Most mentions are analysis/coverage, not position talk. Mild, peripheral holding at best.

His thesis

Alphabet is his demand anchor for the whole AI/photonics supply-chain trade: a money-printing hyperscaler funding a massive (175-185B and rising toward ~1T over a decade) capex buildout largely from its own operating cash flow. He likes the vertical integration (TPUs), Gemini reclaiming share from ChatGPT, GCP growth, and YouTube durability. He mainly uses Google's capex and TPU bill-of-materials to justify upstream bets (LITE, AXTI, IQE, SIVE, AAOI). Late on, he notes Google now needs to raise ~80B for capex, no longer purely FCF-funded — a mild caution for holders.

How his view evolved

Steady bullish coverage throughout. Early it is a clear "remain long" large cap; mid-period it becomes mostly the capex/TPU engine driving his upstream supply-chain theses; by June he flags that capex is no longer fully FCF-funded, a slight note of caution for holders.

Key points

• Used mainly as the AI-capex/TPU demand anchor to justify upstream photonics picks
• Bullish on vertical integration, Gemini share gains, and FCF-funded buildout
• Late-period caution: an ~80B raise means capex no longer purely FCF-funded

Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $GOOGL on X ↗