Jun. 2 at 9:37 PM
AI spending is accelerating and markets are clearly repricing the entire stack
The five largest hyperscalers are now on track to spend roughly 700B to 900B on AI capex in 2026
$AMZN about 200B
$MSFT about 190B
$GOOGL about 185B
$META about 145B
That level of spending is larger than the annual GDP of most countries
$NVDA data center revenue just hit a record 75.2B in a single quarter up 92 percent year over year
At the same time neoclouds are locking in multi year multi billion dollar contracts with hyperscalers to bring more compute online
This is not just incremental growth in tech spending. It is a global infrastructure buildout cycle centered on compute power and AI demand
Markets are still in the process of pricing what this means for the next decade