# AI capex — X 热门讨论 (2026-09-17 04:05 UTC)
## @theallinpod (The All-In Podcast) · 09-17 03:19 · ♥112 ↻12 💬8 All-In Summit: Brad Gerstner
-- Who’s Paying for AI CapEx?
-- Semis Eat the Nasdaq
-- Not Firing, Just Not Hiring
-- The Gigawatt Gap
++ much more!
(0:00) Welcome @altcap
(1:01) Trump Accounts, Every Child a Capitalist & The CAC Scan
(5:07) Can AI revenue pay for the CapEx?
(8:53) The Build Out Issue: Gigawatts, TAM, Token Growth, and Margin Expansion
(12:30) The risks: AI regulation, the nuclear precedent, power limits, and rising rates https://x.com/theallinpod/status/2100424287161098728
## @GlobalMktObserv (Global Markets Investor) · 09-16 17:05 · ♥31 ↻9 💬11 ⚠️Professional investors are increasingly worried that companies are OVERSPENDING:
~33% of global fund managers said this month that companies are overinvesting, the highest share on record.
This percentage turned positive only last year after spending 2 decades in negative territory.
Meanwhile, hyperscaler capex is expected to approach ~$800 billion in 2026 and exceed $1 trillion for the first time in 2027.
Hyperscalers have also issued $218.7 billion of debt so far in 2026, more than double the ~$102 billion issued in all of 2025 and over 6x the 2024 total.
Hyperscalers could issue ~$400 billion of bonds next year.
Investors believe the AI investment boom is running too far, too fast. https://x.com/GlobalMktObserv/status/2100269736198131849
## @KrisPatel99 (Kris Patel 🇺🇸) · 09-16 22:44 · ♥30 ↻0 💬2 The market is being powered by earnings growth thanks to AI capex and its beneficiaries.
A big portion of that came from equity gains in Anthropic, SpaceX and OpenAI.
Next year that might be a headwind + depreciation hitting earning from capex from 2022-2023. https://t.co/yUdhLZxBP5 https://x.com/KrisPatel99/status/2100355226511274408