hyperscaler capex · X 热门 · 2026-09-26 16:16 UTC

# hyperscaler capex — X 热门讨论 (2026-09-26 16:16 UTC)

## @MikeZaccardi (Mike Zaccardi, CFA, CMT 🍖) · 09-26 14:23 · ♥45 ↻8 💬5 GS: We estimate that hyperscaler capex is driving roughly half of S&P 500 earnings growth this year.

As hyperscaler capex growth slows and depreciation expenses rise, the impact of AI investment spending on S&P 500 earnings growth will begin to fade and eventually become a drag. https://t.co/QiarJ2FMJ8 https://x.com/MikeZaccardi/status/2103852845359411361

## @Funmentalist (The Fundamentalist) · 09-26 14:18 · ♥48 ↻2 💬7 Nebius Thesis (Updated - September 2026) https://x.com/Funmentalist/status/2103851611403465206