It is hardly a secret to anyone that we are currently in the midst of a once-in-a-generation private sector capex boom as AI mania sweeps the world...
... and as DB's Jim Reid shows in his chart of the day, the four large hyperscalers are set to spend around $340bn this year, similar to the annual GDP of Egypt (population around 113 million). Incidentally, it has been expectations for this frenzied capex spree that has been key to propping up the market for the past year.
