Everyone is focused on AI models, but the real race right now is happening behind the scenes.
Hyperscaler capex is projected to more than triple to around $1.4T by 2028 as companies continue pouring money into AI infrastructure, data centers, and computing power.
Expected spending:
$Alphabet(GOOGL)$ — ~$360B
$Microsoft(MSFT)$ — ~$350B
$Amazon.com(AMZN)$ — ~$330B
$Meta Platforms, Inc.(META)$ — ~$250B
$SpaceX(SPCX)$ — ~$110B
What catches my attention is the second-order impact. Every dollar spent on AI infrastructure flows through the ecosystem — chips, memory, networking, power, and data centers.
The market keeps rewarding the companies positioned for the next wave, not just the ones getting attention today.
The market rewards preparation, not reaction.
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