Interactive model

Pricing the AI buildout

Microsoft, Alphabet, Amazon, Meta, and Oracle are spending on AI infrastructure at a pace with no precedent. Set the growth, margin, capex, and discount-rate assumptions below and see the per-share value they imply. Whether those assumptions are right is for you to decide.

Companies: MSFT · GOOGL · AMZN · META · ORCLMethod: 15-yr scenario DCF

How to read this. Under the assumptions you pick, the model returns a fair value per share. It deliberately shows no market price and takes no view on whether any stock is cheap, dear, or worth owning — that judgment is yours. This is an educational tool for exploring how assumptions drive value, not a prediction and not investment advice.

The model

Pick a company, load a scenario, then turn the dials.

Starting revenue growth15%

Operating margin44.1%

Terminal capex / revenue14%

WACC (discount rate)8.50%

$663fair value per share under your assumptions

Bear

$220

Base

$663

Bull

$1207

Implied 15-yr rev CAGR

10.0%

Terminal value % of EV

62%

Base-year revenue

$332B

Base-yr capex / rev

35%

Assumption	Bear	Base	Bull
Starting growth	7%	15%	18%
~15-yr CAGR	5.0%	10.0%	11.8%
Operating margin	40%	44%	47%
Terminal capex/rev	19%	14%	11%
WACC	10.0%	8.5%	7.5%
Fair value / sh	$220	$663	$1207