S&P 500 futures were up 0.14% this morning after the index closed up 0.77% yesterday, a sign that traders feel that Monday’s 1% decline on fears that AI will trigger an economic doom cycle was overcooked.Instead, the stock markets are looking forward to Nvidia’s Q4 2025 earnings call this evening. Nvidia has the largest market cap in the world ($4.7 trillion), it makes the high-end chips that the AI revolution depends upon, it earns more revenue from AI-related clients than any other company, and it is a bi ...

driven by fear rather than fundamentals. Joining us here at Post9 today is Alger CEO and CIO Dan Chong. It's great to have you Dan.Welcome. Thanks for coming in. Uh your general view is that we're still early in the buildout and that means a lot of opportunity ahead.>> That's right. I mean uh the results that just reported by most of these companies were terrific. uh the only negative was that they all increased their capital spending on building out their data centers in particular to serve AI >> and the s ...

Death of a capex boom https://t.co/o7PRfRXoUw ...

Death of a capex boom. https://t.co/xGz4vdOSjr ...

Core Viewpoint - The current capital expenditure (capex) in big tech is projected to reach between $650 billion and $700 billion, indicating an acceleration in spending that may exceed initial expectations [1] Group 1: Capital Expenditure Insights - The capex spending in technology is expected to have a multiplier effect of 8 to 10 across various sectors, suggesting a significant positive impact on tech infrastructure and energy [2] - The current selloff in the software sector is perceived as disconnected from the actual potential and growth opportunities within the industry [5] - The ongoing AI revolution is anticipated to create substantial use cases for software companies, with Salesforce and ServiceNow identified as key players in this transformation [4][6] Group 2: Market Dynamics and Opportunities - There is a belief that the market is miscalculating the ripple effects of capex spending, leading to a mispricing of certain software stocks [4][7] - The presence of dark fiber infrastructure from previous tech booms raises concerns about underutilized resources, but the current landscape is viewed as more promising due to real use cases [9][10] - Big tech companies are noted to have substantial cash reserves, which positions them favorably for future growth and innovation in areas like autonomous technology and robotics [12]

J P M O R G A N North America Equity Research 09 February 2026 Hardware & Networking Weekly Tech Talk: U.S. Hyperscaler Capex Trajectory Remains Robust, Backed by Strong Cash Flow; Cheat Sheet to Key Beneficiaries in Coverage Following the capex outlined by U.S. hyperscalers over the past couple of weeks, we wanted to provide a quick snapshot of suppliers within our coverage that are most closely aligned with the equipment-related capex outlined by each hyperscaler, particularly to help investors identify t ...

RT Just Another Pod Guy (@TMTLongShort)I talk a lot about the bull case re AI because I am fundamentally a maxi and recognize that Street has failed to frame the abstractions properly… mostly due to intellectual shortcomings around non-linearity.Let me play the bear for a second.Normally mgmt is incentivized to take rational risks around ROIC and when the marginal capex doesn’t pencil you return it to shareholders.But what is different this time is the variance of return has gone up dramatically as you star ...

how is openai going to outspend google on capex?Flood (@ThinkingUSD):If OpenAI can’t raise the $100B is it just over? ...

Amazon (AMZN) reported its Q4 earnings on February 5. The earnings spooked investors and sent the stock tumbling, which was already caught by the wider tech sell-off, trading 9% lower at the time of writing, Friday morning, Feb. 6, according to Yahoo Finance. What alarmed the investors was something Amazon President and CEO Andy Jassy said in the earnings release. “With such strong demand for our existing offerings and seminal opportunities like AI, chips, robotics, and low earth orbit satellites, we expe ...

US hyperscalers announced huge expansions in capex, which Wall Street greeted with suspicion. https://t.co/39Ryinl70n ...