According to @KobeissiLetter, US technology firms’ CapEx-to-Sales ratio has reached 11%, the highest since 2000, rising by 4 percentage points since 2022. According to @KobeissiLetter, the CapEx-to-Free Cash Flow ratio is about 38%, the highest since 2022, compared with roughly 60% in the late 1990s. According to @KobeissiLetter, this indicates tech companies are funding most capital expenditures with free cash flow rather than debt, reflecting solid financial health. According to @KobeissiLetter, the AI investment boom has room to run, a signal traders can use to frame positioning in AI-linked equities and to monitor AI-themed crypto tokens as capital spending trends evolve.

According to @ReutersBiz, this week’s AI roundup highlights three trading drivers: OpenAI facing a major challenge, the release of the Atlas web browser positioned against Google Chrome’s dominance, and tech giants riding an AI investment boom (Source: @ReutersBiz). The concentration of AI catalysts signals sustained investor focus on AI infrastructure and applications, a theme traders monitor for momentum across AI-exposed equities and broader risk sentiment that can influence crypto market tone (Source: @ReutersBiz).