“It wanted direction, the stock was looking for direction, we ripped then we dipped hard, so we ripped ten then we dipped like twenty then we ripped back up ten. But as soon as they said increasing CapEx, they hammered the stock.”

That was Dennis’ reaction in the STN Think Tank on Wednesday as Google’s CapEx news broke live during the earnings call.

In this clip, Dennis breaks down Google’s live stock-price reaction while also discussing “which companies benefit from the capex boom” and “what is Google actually spending the money on?”

Watch PreMarket Prep live every weekday morning at 8 a.m. ET on YouTube and X.