META was the canary in the coal mine.
The hyperscalers aren't backing down on CapEx. If anything, they're doubling down.
This isn't a pause cycle. It's an arms race. $MSFT, $GOOGL, $AMZN — they're all locked in. The AI buildout continues whether Wall Street likes the ROI timeline or not.
Anyone expecting a CapEx pullback is fighting the last war. These companies are building moats, not chasing quarterly optics.
The hyperscalers aren't backing down on CapEx. If anything, they're doubling down.
This isn't a pause cycle. It's an arms race. $MSFT, $GOOGL, $AMZN — they're all locked in. The AI buildout continues whether Wall Street likes the ROI timeline or not.
Anyone expecting a CapEx pullback is fighting the last war. These companies are building moats, not chasing quarterly optics.