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Robert Friedland notes over 700 billion dollars in U.S. hyperscaler capex planned for 2026
Major technology companies are set to spend more than 700 billion dollars on capital expenditures in the United States by 2026, according to Robert Friedland.
In a recent statement, Friedland outlined anticipated capex figures for leading hyperscalers: Meta at approximately 135 billion dollars, Amazon at 200 billion dollars, Alphabet at around 185 billion dollars, and Microsoft at 190 billion dollars.
Friedland remarked that these investments represent the largest capex cycle in U.S. history, with significant implications for demand in critical materials such as copper.
Friedland has previously commented on commodity markets, noting that oil prices have not fully reflected recent supply disruptions. He has also discussed the influence of global trends and economic shifts on the metals sector during a recent interview. Friedland's views add further context to his outlook on capex-driven demand for critical materials.
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