📈 Accelerated depreciation makes capital equipment the hot asset

Chamath equities w=0.84 · n=160 · E242 (2025-09-07) · positioning · strength 2 ▶ 34:54 SUPPORT

“I am a person that started a business that is building a factory to make batteries in ... after the big, beautiful bill and because of tariffs, it is much easier now for me to underwrite. Why? Because I have 100% depreciation across all my capex. It's a complete changer on the IRR of these projects. ... Same thing for this data center that I'm building in Arizona. ... the underwriting case for putting a ton of money into the United States has changed to the positive”

Sacks equities w=0.89 · n=96 · E257 (2026-01-10) · annual_prediction · strength 1 ▶ 1:14:11 SUPPORT POLICY-ADJACENT · horizon 12mo

“The category of assets that qualify for accelerated depreciation — capital equipment... there's now 100% accelerated depreciation because of the big beautiful bill... that is making those markets super hot right now. [Strength capped: administration official promoting the tax bill's effects.]”

Chamath equities w=0.84 · n=160 · E257 (2026-01-10) · sentiment · strength 2 ▶ 1:14:43 SUPPORT · horizon 12mo

“it's generators. It's Siemens. This is why Siemens stock is through the roof. If all of this capital equipment, ... off 100% in year one, it's creating a massive infrastructure”

Chamath equities w=0.84 · n=160 · E271 (2026-05-01) · explicit_prediction · strength 2 ▶ 43:30 SUPPORT

“going to look like this big bulky industrial business in five years. I'm not sure that there's a good valuation case ... to just follow the dollars, like a trillion dollars a year going out of the hyperscalers. Where is it going? Just follow those dollars and buy those companies because those companies are already underpriced.”