For months, the narrative across financial media was that AI infrastructure spending had peaked. Too much capital poured in too fast, with no returns in sight.
Wall Street was rotating out of chips. The fear was real.
But then, earlier this week, Big Tech reported earnings… and the narrative fell apart.
The sector had one of its best quarters in years. More importantly, the numbers prove AI spending isn’t slowing down anytime soon.
Let’s take a closer look.
Start with the number that matters most: capital spending.
Amazon (AMZN) and Alphabet (GOOG) are each on track to spend roughly $200 billion annually on CapEx.
To put that number in perspective, only about 50 companies in the entire S&P 500 are worth more than $200 billion.
In other words, these companies are spending more in a single year than most large-cap companies are valued at.
And it’s not slowing down. Microsoft (MSFT), Alphabet, Meta (META), and Amazon all raised capex guidance.
Now, you might be tempted to dismiss that massive spending as speculative…
But the underlying businesses tell a different story:
And importantly, they’re generating billions in free cash flow even after their investments.
That’s a key distinction from past bubbles, when companies spent first and hoped profits would follow.
Today, profits are already here… And they’re being reinvested to capture an even bigger opportunity.
Owning Big Tech here makes sense. These are dominant companies with strong growth and massive resources.
But the more interesting opportunity lies beneath them. Every dollar those hyperscalers commit flows downstream into:
Each of these areas is seeing real demand backed by real dollars.
If you want the best way to play this trend, focus on megawatts. Data centers require enormous energy—and right now, supply isn’t keeping up. The companies that control power capacity are sitting on one of the most valuable assets in the AI buildout.
On yesterday’s Wall Street Unplugged Premium, Frank revealed 2 stocks sitting on incredible power assets. Get the names as soon as you start your membership.
The market thought AI infrastructure spending had peaked… But Big Tech’s earnings just proved it hasn’t.
If you own this space, stay patient. If you don’t… the window just reopened.
The best and worst of the Mag 7 earnings. Plus, 2 stocks to profit from the AI power crisis… Starbucks’ (SBUX) turnaround… Eli Lilly (LLY) is going back to a $1 trillion market cap… And Powell’s final press conference.
Important advice for Tesla (TSLA) shareholders. Plus, Kevin Warsh’s hearing… 3 AI winners with way more upside… A lesson from Avis (CAR) on shorting stocks… Boeing (BA) is going to $300… And a rare opportunity to buy a monopoly.
Kevin Chin, executive chairman of VivoPower (VIVO), breaks down why power represents a generational opportunity… VivoPower’s strategy to dominate AI… 3 key factors that drive Vivo’s success… and the single biggest value driver for the stock in 2026.
Jason Hein, founder of Telescope Innovations (TELIF), breaks down how Telescope’s robotic labs are revolutionizing biotech… the company’s renowned management team and Big Pharma partnerships… and why 2026 will be a game changer for Telescope.
Our biases can lead to costly investment decisions. But one simple strategy can help you overcome biases by minimizing the “guesswork” in your portfolio… and automatically turn market declines to your advantage.
If you’re an income investor, there’s one piece of news you never want to hear: that a company in your portfolio is cutting its dividend. Fortunately, there are signs you can watch out for to help identify coming dividend cuts.
Total addressable market (TAM) is the key to finding the market’s next big winners. Here’s why TAM matters more than traditional metrics—and how investors can spot companies with massive growth potential before the crowd catches on.
One of the first rules of investing is to diversify. The concept is pretty simple… But proper diversification isn’t as straightforward as it might sound. This article will teach you one underutilized diversification strategy to ensure a much stronger portfolio.
Many investors worry that crypto is a threat to the U.S. dollar… But in truth, one of the fastest-growing segments of crypto is quietly reinforcing the dollar’s dominance. Here’s the breakdown—and why it matters more than ever.
Levi’s (LEVI) just delivered strong results… But there’s a bigger story under the surface. LEVI’s earnings highlight a shift that’s quietly putting pressure on traditional retailers… and creating new opportunities for investors.
The best and worst of the Mag 7 earnings. Plus, 2 stocks to profit from the AI power crisis… Starbucks’ (SBUX) turnaround… Eli Lilly (LLY) is going back to a $1 trillion market cap… And Powell’s final press conference.
Important advice for Tesla (TSLA) shareholders. Plus, Kevin Warsh’s hearing… 3 AI winners with way more upside… A lesson from Avis (CAR) on shorting stocks… Boeing (BA) is going to $300… And a rare opportunity to buy a monopoly.
Forget rate hikes—the Fed could cut 3 times this year. Plus, what drove the market to its all-time high? … Taiwan Semi’s (TSM) earnings… Broadcom (AVGO) & Meta’s (META) partnership… An earnings trade on a beaten-down SaaS stock… And more.
Amazon’s (AMZN) market cap is poised to double. Plus, can Bitcoin (BTC) help reopen the Strait of Hormuz? … An energy stock set to soar… Meta’s (META) new AI model… And 3 big winners from CoreWeave’s (CRWV) latest AI deal.
Is Iran planning to reopen the Strait of Hormuz? Plus, the Artemis II… Trump’s address to the nation… Ely Lilly’s (LLY) GLP-1 pill… Don’t bet against Tesla (TSLA)… Private equity pain… AI-driven layoffs… And CoreWeave’s (CRWV) historic deal with Meta (META).
The UAE’s exit from OPEC. Plus, Powell’s final meeting as Fed chair… Trump’s Strait of Hormuz blockade… Big Tech is reporting—and this stock’s results matter most… And The Wall Street Journal’s OpenAI piece.
Forget rate hikes—the Fed could cut 3 times this year. Plus, what drove the market to its all-time high? … Taiwan Semi’s (TSM) earnings… Broadcom (AVGO) & Meta’s (META) partnership… An earnings trade on a beaten-down SaaS stock… And more.
Andrew Horowitz of The Disciplined Investor breaks down the market’s reaction to Iran… and some of his favorite ideas right now. Plus, rising inflation… Earnings season… The private credit crisis… AI spending… And is Musk intentionally tanking Tesla (TSLA)?
Amazon’s (AMZN) market cap is poised to double. Plus, can Bitcoin (BTC) help reopen the Strait of Hormuz? … An energy stock set to soar… Meta’s (META) new AI model… And 3 big winners from CoreWeave’s (CRWV) latest AI deal.
Oil’s drop: What’s driving it and what it means for stocks. Plus, Microsoft (MSFT) has been hammered—is it a buying opportunity? … Levi Strauss’ (LEVI) major warning for big box stores… And Tesla’s (TSLA) risk/reward setup.
The market just delivered one of its most extreme moves in years. But it wasn’t driven by fundamentals. Here’s what caused it, what it signals about expectations, and how investors should position from here.
Think saving will make you rich? Think again. This article breaks down why the system is rigged against savers—and shows you the smarter path to real wealth.
All content Copyright © 2026 – Curzio Research. All rights reserved.
Subscribe to access daily market updates and exclusive content
Wall Street was wrong on AI spending – Curzio Research
Leave a Comment
