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The market, swollen with valuations that stretch toward the heavens, has grown wary of bargains. For nearly three years, Buffett has sold more than he has bought, watching his cash reserves swell to $344 billion by June’s end. It is a peculiar paradox-a man who built his legend on buying when others were selling now finds himself holding an unprecedented hoard, waiting for the right moment to act.

Yet let us not mistake resurrection for redemption. The company’s balance sheet remains a canvas of artistic losses-$300 million in annual deficits, a figure so poetic it borders on Shakespearean tragedy. To call this a “comeback” is to call a shipwreck a swimming lesson. The question lingers: does this phoenix truly rise, or merely combust more spectacularly?

Some speak of AI as a golden goose, others as a ghost in the machine. The truth, as always, lies in the grime of implementation. Profit margins? A fragile currency. But for those who bet on the architects of this new order, the dividends may yet rise like smoke from a factory chimney-thick, persistent, inescapable.

They call it a lifeline, but it smells more like bait. Intel was supposed to get $8.87 billion in CHIPS Act grants without giving up a slice of itself. That money was meant to flow like whiskey at a wake, no strings attached, just for building fabs on American soil. But now? The government’s taken equity instead, like a loan shark swapping cash for collateral. Shareholders didn’t sign up for this dilution, and it leaves a bitter taste in the mouth.