hyperscaler capex · X 热门 · 2026-09-19 14:29 UTC

# hyperscaler capex — X 热门讨论 (2026-09-19 14:29 UTC)

## @PeterBerezinBCA (Peter Berezin) · 09-19 13:02 · ♥42 ↻14 💬3 Analysts expect the hyperscalers to incur $255 billion in depreciation charges in 2026 on capex of $784 billion. The depreciation charge is projected to rise to $581 billion in 2029 on capex of $1.16 trillion.

To put things in context, the hyperscalers are expected to generate $569 billion in operating profits in 2026.

I should also add that these numbers exclude off-balance sheet capex, which is likely to add another $200 billion to hyperscaler spending. This means that annual hyperscaler capex, if analyst estimates are to be believed, will be around $1.4 trillion by the end of the decade. https://x.com/PeterBerezinBCA/status/2101295865558106618