About 80% of Amazon's 2026 capex spending likely AI-related: Deepwater's Munster

Core Insights - The significant capital expenditure (capex) forecasts indicate a strong commitment from major companies towards AI and related technologies, with a notable portion of the spending directed towards robotics and satellite technologies [1][2][4] - Approximately 80% of the capex is expected to be AI-related, reflecting the companies' confidence in the future of AI and its potential impact on their business models [2][4] - The anticipated $600 billion in capex from a select few companies suggests a substantial shift in revenue and profit pools within the software industry, indicating a potential disruption [3][4] Company-Specific Insights - Companies like Google and Amazon are expected to continue investing heavily in AI, with their capex numbers signaling a long-term commitment to this transformation [5][6] - The market's reaction to these capex announcements, particularly in the software sector, raises questions about the competence of these companies in navigating the evolving landscape [4][5] - The ongoing investment in AI infrastructure is seen as a precursor to increased utility and disruption across various sectors, not limited to software [6][7]