Latest / Rigatoni Capital Podcast
BlackRock Blows Out Earnings and Larry Fink Pushes Back on the CapEx Bears
BlackRock reported a blowout quarter with record revenue and record assets under management above $15 trillion. I own BlackRock directly and I am up 75% on the name since 2022, so I walk through the report, including why you need to strip out the HPS Investment Partners numbers when comparing year over year. Larry Fink went on Squawk on the Street and pushed back on Faber's framing that hyperscaler CapEx is speculative, and I break down why both sides of that debate have objective data before the argument turns into pure guesswork. My own take is that if there is an AI bubble, you are looking…
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