Hyperscaler Capex for 2026: META: $125b ($70b) GOOG: $180b ($91b) AMZN: $175b ($125b) MSFT: $145b ($83b) ORCL: $55b ($35b) Total: $680b ($404b) Almost $300b, or 1% of GDP growth in capex from just these five companies Hard to have a recession with that capex binge.