By Jeremy Phillips
Publication Date: 2026-04-30 11:42:00
Like many investors, I enjoy old Buffett videos for their lessons, but also for the quaint numbers of the past. Such as when he bought 5% of Disney for something like $4 million.
At the time, a single company worth $1 trillion would have seemed impossible. Now we have several.
If you’re paying attention, you can see hyperscalers will soon spend more than $1 trillion on capex in a single year. That moment is closer than most realize. Why?
Last night’s earnings from Meta, Alphabet, and Amazon answered the “is the AI capex trade cracking?” question with their checkbooks. They are spending and even with the “weakest” earnings of the group in Meta, you can see the revenue growth flowing as a result.
Whether you think a trillion is happening or not, one thing should be clear to you. You’ve gone from hearing the word capex about twice a year, to about twice a day now. Pay attention to it. Cause that money is going somewhere, and you can still take part in it.
The five…
