Maybe it is also a cost issue right now. The company's trying to lower capital expenditures right now to get the profit lineup, because that was one of the commitments to reduce costs by $5 billion.
Certainly, any firm that has CEO transition or has underperformed its peers or has done a bad acquisition or has wasted money and capital expenditures, they are absolutely ripe for an Elliott engagement.
任何经历 CEO 更替、业绩落后于同行、进行过失败收购,或在出上浪费金公司,都极有可能成为 Elliott 目标。
But if companies don't trust that the tariff environment today is going to be the tariff environment in a year, and these are long-term capital expenditure decisions, It would seem that the obvious thing to do is to just wait.
Do you stick with this idea that capital expenditures will continue to grow in 2025, 2026, 2027, the hyperscalers will continue to take from NVIDIA, or are you now going to adjust where you put your emphasis, Denny?
And that might be something where you're using a direct number from the financial statements, there can be other times where You know, there's requirements around capital expenditures that are being reported in sustainability.
Investors will be watching for a possible downward revision to the full-year sales target and capital expenditure plans, as the outlook for global chip demand weakens amid uncertainty following U.S. tariffs.
Last year global capital expenditure on wind and solar assets grew from $357bn to $490bn, surpassing investment in new and existing oil and gas wells for the first time.
I do think also, though, from the one big beautiful bill, the depreciation on capital expenditures is actually a very important thing and a significant driver for the economy.
So if the cost cap, for example, changes and now you don't have the consideration of being held back from capital expenditure, then your position changes, for example.
The firms using it replace lumpy capital expenditure on rickety bespoke it with a variable payment for a service that can easily expand its capacity as needed.
So the distribution system, the little wires, is almost half of utility capital expenditures and have been the driving factor for price increase of electricity.
According to McKinsey, a consultancy, to close the global supply gap for copper alone would require $200bn of capital expenditure over the next decade.
In September, the President-elect said he would make some capital expenditures immediately tax-deductible and expand tax credits for research and development.