The hosts note that major tech hyperscalers including Oracle, Meta, Amazon, and Google have entered negative free cash flow due to surging data center and AI capital expenditures, which are up nearly 90% to roughly $700 billion.
“All of the hyperscalers have now entered into negative free cash flow because of how much money they're spending on the data centers. It's nearly $700 billion on CapEx in the past 12 months. That's up nearly 90% from a year ago.”
Heard on Prof G Markets — “The Stock Market Is Already Pricing In A Democratic Sweep”, published Monday, November 2, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.