Big Tech's Capex Is Half of Wall Street's Profit Growth · Issue #283 · INLEVEL9
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A Number You Should See Before the $1.2 Trillion
On September 25th, Goldman Sachs put out a forecast for how much America’s five hyperscalers1 will spend on capital expenditures2 next year: $1.2 trillion. That’s nearly 50% more than this year’s roughly $800 billion, and higher than Wall Street’s consensus of $1.1 trillion. For 2028, Goldman sees t...
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