Latest / Chip Stock Investor Podcast
Hyperscaler CapEx Hits $800B: Why Memory & Optical Stocks Are Booming
Hyperscaler capital expenditure is on pace to hit $800 billion in 2026, up from $482 billion just a few quarters ago, and the trajectory points toward $1 trillion by 2027. This is the real driver behind the 2026 semiconductor cycle, especially the strength in memory and optical stocks, and it matters more than any single quarterly earnings beat.
We break down why this AI data center buildout is the primary macro force behind the current cycle, why the "rotation out of tech" narrative that surfaced in early July doesn't hold up under scrutiny, and how hyperscaler free cash flow and balance…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.