According to @KobeissiLetter, the top 20% of S&P 500 tech companies by 12-month CapEx as a percentage of cash from operations delivered a +45.2% median stock price return in 2025. Source: @KobeissiLetter. The next 20% highest CapEx cohort posted a +21.5% return over the same period, while the bottom 20% recorded just +2.2%. Source: @KobeissiLetter. Combined CapEx for Amazon, Meta, Alphabet, and Microsoft reached a record $112 billion in Q3 2025, doubling since Q1 2024. Source: @KobeissiLetter. These figures indicate investors are rewarding larger capital investment in 2025, with CapEx intensity emerging as a key performance driver. Source: @KobeissiLetter.

According to @charliebilello, Microsoft, Amazon, Google and Meta will collectively allocate about $400 billion to capital expenditures in 2025, roughly four times 2020 levels, underscoring an unprecedented AI infrastructure build-out (source: @charliebilello, X post on Nov 7, 2025; referenced YouTube video). For trading, the $400 billion figure provides a concrete top-down benchmark for positioning in mega-cap AI beneficiaries and related themes, with the 4x 2020 multiple highlighting the acceleration in spend to monitor across earnings, guidance, and data-center supply chains (source: @charliebilello for the spending figures). Crypto market participants can track AI-related sentiment using this CapEx signal as a reference input when evaluating risk appetite in AI-adjacent narratives, while anchoring expectations to the verified $400 billion number rather than speculation (source: @charliebilello for the spending figures).

According to @CNBC, Oracle's Magouyrk said OpenAI can "of course" pay $60 billion per year, highlighting the potential scale of AI infrastructure spending under discussion, source: CNBC. For traders, the remark flags sizable revenue optionality for Oracle Cloud and broader AI infrastructure suppliers, making ORCL and cloud compute peers sensitive to headline-driven order flow, source: CNBC. Crypto markets may experience a sentiment read-through into AI-linked narratives as investors track legacy AI capex headlines, with positioning likely to react to CNBC’s reporting cadence on large AI spend commitments, source: CNBC.

According to @StockMKTNewz, citing Bloomberg, hedge fund manager David Einhorn warned that the extreme scale of AI infrastructure spending makes the numbers hard to justify and carries a reasonable chance of significant capital destruction this cycle, even if the technology proves transformative (Bloomberg via @StockMKTNewz). For traders, these Bloomberg-reported remarks flag valuation and capex-cycle risk across AI-exposed equities and AI-linked crypto narratives, warranting tighter risk management around the AI trade (Bloomberg via @StockMKTNewz).