Chinese web giant Tencent can't buy all the GPUs it wants

Chinese web giant Tencent’s capital expenditure is slowing and the company expects it will decelerate further due to its inability to buy all the GPUs it wants. Tencent is a sprawling conglomerate whose messaging and e-commerce apps have over a billion monthly users and are ubiquitous parts of modern Chinese life. The company’ …

[DrewPH]

Good.

Good.

[Pascal Monett]

"Tencent’s capital expenditure is slowing"

Oh my God ! A company cannot spend its money !

Somebody call Wall Street ! An emergency application of leeches to the bank account is required, stat !

[BartyFartsLast]

Re: "Tencent’s capital expenditure is slowing"

I prescribe an infusion of vulture capitalism, that'll soon extract all the cash

[rgjnk]

The only winning move is not to play

"While Tencent’s capital expenditure fell, its revenue and profit rose."

In the rush to join the bubble, maybe a wiser mind realised that 'investing' in incredibly rapidly obsolete infrastructure that never generates enough revenue to cover the install & operating cost is maybe the better move?

Supply constraints is a gentler way of selling it than saying "we're staying out of this", meanwhile others plough $billions into kit that will never generate a return.