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While the big tech giants are ramping up their capital expenditures to astronomical levels quarter after quarter, driving free cash flows negative in many cases, a fundamental question remains unanswered. Will these massive AI expenditures ever translate into real profits? The short-term future in the tech sector is uncertain. In stark contrast, the railways of North America are experiencing a renaissance, fueled by massive national construction projects and robust goods flows. Rail transport is real, measurable, and profitable, as the recent record...
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