Forward Guidance · Saturday, October 31, 2026
Hyperscalers reported capital expenditure guidance below estimates, with Microsoft guiding to 38 billion against 45 billion estimates and Google guiding to 51 billion against 55 billion, signaling a slowdown in the AI infrastructure buildout.
“We got that twice this week and the stocks are just getting smoked as well for a variety of other reasons as well. But Microsoft, yeah, they're saying 38 billion versus estimates of 45 billion. Google CapEx estimates saying 51 billion versus 55 billion.”