Companies supplying capital equipment and infrastructure benefiting from hyperscaler data center spending.
1 take · first discussed May 1, 2026
Private company — no public price to score. We track what they said; valuation-mark tracking is on the roadmap.
Only Chamath weighed in on this theme, expressing medium-conviction bullishness toward the capital equipment and infrastructure companies that sit downstream of hyperscaler spending. His core argument is straightforward: the massive CapEx flows being deployed by large cloud providers will flow directly into these vendors' revenues, and the market has not yet fully priced that in, making them attractive buys today. The other hosts did not offer views on this category, so no cross-host agreement or disagreement can be established.
Chamath explicitly recommends buying the companies that receive the trillion dollars flowing out of hyperscalers as CapEx, arguing those companies are already underpriced.
I think it may be simpler, and this is what I tweeted, to just follow the dollars, like a trillion dollars a year going out of the hyperscalers. Where is it going? Just follow those dollars and buy those companies because those companies ar”45:46