Source: View source · CNBC · web

Why it's worth your time

First hyperscaler capex print of the cycle landed a week before the Jul 29-30 reads several desk calls are gated on — and it validates the supplier side hard: $44.9B in one quarter, 60% to servers, CFO guiding 2027 'significantly' higher. The stock sank on the call: capex scares the spender, pays the suppliers — the K3 pattern named by the July 17 semis report.