Capex Scrutiny Intensifies

its chance, of the story’s futures

−0.6%on the S&P 500, if it happens

The selling extends from AI hardware winners to hyperscalers funding the buildout. Investors demand clearer returns on AI capex after forecasts for sector spending near $1.2 trillion and recent quarterly capex above $200 billion.

What it moves

Technology−1.0%
Telecommunications−0.4%
Market volatility▲ up
Riskier companies' borrowing costs▲ up

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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