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Bill Ackman: “If a company is increasing growth capex while earning above average returns, you should applaud.”This is why $AMZN is my biggest position.Invests $25 billion in Anthropic to get it to commit to $100 billion in AWS spending over the next decade, while the investment itself will likely double as well.$AMZN execution has been elite since early 2025. More to come.Long $AMZN.
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