By Proactive
Publication Date: 2026-02-11 13:00:00
Wedbush says hyperscalers are still in the “early innings” of an AI infrastructure boom, with $650 billion in 2026 capex set to reshape cloud economics and reward scale players despite near-term margin pressure.
AI capex surge reframes the sell-off
A sharp pullback in megacap tech has created what Wedbush calls an opportunity to focus on the structural winners of the AI buildout: Microsoft and Alphabet.
In an industry note, the broker argues that the hyperscaler market remains in the early stages of a structural AI-driven infrastructure expansion.
More than $650 billion in AI capital expenditure has been committed for 2026 by Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG), Amazon.com Inc (NASDAQ:AMZN) and Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB), signalling what it describes as an inflexion point in demand.
The core thesis is simple. Hyperscalers are no longer just adding generic cloud capacity. They are redesigning platforms around AI-first…
