JUST IN: Bill Ackman's Pershing Square says Big Tech's AI spending is 'offensive rather than defensive,' but expects capex cuts if revenue doesn't follow. Hyperscaler capex has gone from ~$140B in 2023 to ~$740B in 2026, and consensus sees "over $1 trillion" next year. | News | MoonHub
JUST IN: Bill Ackman's Pershing Square says Big Tech's AI spending is 'offensive rather than defensive,' but expects capex cuts if revenue doesn't follow. Hyperscaler capex has gone from ~$140B in 2023 to ~$740B in 2026, and consensus sees "over $1 trillion" next year.
