The One Hyperscaler That Stands Out Among Rising AI Capex Concerns
Assessing each hyperscaler’s price targets based on their AI capex expansion plans.
«The 2-minute version»
With Meta, Amazon, Alphabet, and Microsoft projected to grow their capital expenditure by 46% YoY to over $317B, it comes at a time when their revenues and earnings are also projected to slow down due to tougher comps.
Reason to worry? Not yet, especially given that Microsoft, Alphabet, and Amazon are all facing capacity constraints…