### @AI-demand-durability — Confirmed — from the hyperscalers' filings and calls; Amazon's annual figure flagged as analyst-sourced
The $640-720B 2026 hyperscaler capex figure now rests on payer filings, not estimates. Microsoft ~$190B guided (Q4 alone $30.9B, +85%), Alphabet $180-190B (doubled, 2027 'significantly increase'), Meta $125-145B (raise driven by 'higher component costs, particularly memory pricing'), Oracle $55.7B (+162%, -$23.7B FCF) financing the build. Amazon's $151B TTM is analyst-sourced — no annual guide filed. The demand signal is filed; the monetization lag remains the open question.
- tier: Confirmed (✓)
- source: AI-demand-durability / The payers, on the record
- receipt: https://ticker.thevixguy.com/p/p-day-20260717-ai-demand-durability-src-ai-demand-hyperscaler-capex-rotation
- posted: 2026-07-17T04:10:16.375Z