According to @StockMKTNewz, the Magnificent 7 combined to spend over 100 billion dollars on capital expenditures last quarter, marking the first time this threshold has been reported. Source: @StockMKTNewz post on X dated Dec 6, 2025. Meta Platforms guided 2024 capex to 35 to 40 billion dollars concentrated on AI infrastructure, reinforcing the AI data center buildout theme. Source: Meta Platforms Q3 2024 earnings release. Alphabet said 2024 capex would remain elevated with greater investment in servers and data centers, signaling continued hyperscale demand. Source: Alphabet Q3 2024 earnings call and Form 10-Q. Microsoft reported sequential capex increases in fiscal Q1 2025 to meet AI demand, confirming ongoing expansion in cloud and AI infrastructure. Source: Microsoft FY25 Q1 earnings call. Amazon stated 2024 capital investments would rise year over year, driven by AWS and generative AI workloads, underscoring the AI infrastructure cycle. Source: Amazon Q3 2024 earnings call. For crypto exposure, Bitcoin miners are monetizing the AI buildout via HPC hosting as Core Scientific executed long-term agreements to provide 200 megawatts to CoreWeave with expected multi-year revenue of approximately 3.5 billion dollars. Source: Core Scientific press release dated June 3, 2024. Bitdeer launched an NVIDIA DGX-powered AI Cloud offering in 2024 to diversify beyond BTC mining and capture GPU demand, linking AI capex to miner cash flows. Source: Bitdeer Technologies press release dated March 2024.

According to @KobeissiLetter, the current macro mix includes Trump stating he will keep stocks at record highs, Magnificent 7 capital expenditures at $600B per year, the Fed cutting rates with inflation above 3%, global AI infrastructure spend at $1T per year, the Fed ending Quantitative Tightening in 2 days, and U.S. deficit spending above 6% (source: @KobeissiLetter). According to @KobeissiLetter, traders are focusing on the liquidity and fiscal backdrop highlighted by these points, which are typically relevant for risk assets including BTC and ETH due to sensitivity to rates, QE/QT shifts, and capex-driven growth cycles (source: @KobeissiLetter). According to @KobeissiLetter, monitoring the Fed’s QT end timeline, the path of rate cuts with 3%+ inflation, and mega-cap AI capex updates is central to positioning in crypto and equities (source: @KobeissiLetter).

According to @KobeissiLetter, J.P. Morgan estimates the AI boom will drive roughly $1.8 trillion in new bond sales in 2026, signaling a major supply increase that markets must price. According to @KobeissiLetter, Magnificent 7 CapEx is currently running at an annualized pace above $600 billion. According to @KobeissiLetter, this is being framed as the biggest wave of investment in U.S. history. Traders should watch Treasury yields, IG/HY credit spreads, and liquidity-sensitive assets such as BTC and ETH for knock-on effects from the projected issuance and CapEx reported by @KobeissiLetter.