{"id":240073,"date":"2026-07-03T16:14:00","date_gmt":"2026-07-03T20:14:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/07\/03\/the-ai-capital-expenditure-cycle-has-not-peaked-and-that-changes-the-investment-calculus\/"},"modified":"2026-07-03T16:45:09","modified_gmt":"2026-07-03T20:45:09","slug":"the-ai-capital-expenditure-cycle-has-not-peaked-and-that-changes-the-investment-calculus","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/07\/03\/the-ai-capital-expenditure-cycle-has-not-peaked-and-that-changes-the-investment-calculus\/","title":{"rendered":"The AI Capital Expenditure Cycle Has Not Peaked \u2014 And That Changes The Investment Calculus"},"content":{"rendered":"<p><a href=\"https:\/\/www.forbes.com\/sites\/jasonkirsch\/2026\/07\/03\/the-ai-capital-expenditure-cycle-has-not-peaked---and-that-changes-the-investment-calculus\/\">The AI Capital Expenditure Cycle Has Not Peaked \u2014 And That Changes The Investment Calculus<\/a><\/p>\n<p><a href=\"https:\/\/www.forbes.com\/sites\/jasonkirsch\/2026\/07\/03\/the-ai-capital-expenditure-cycle-has-not-peaked---and-that-changes-the-investment-calculus\/\">https:\/\/www.forbes.com\/sites\/jasonkirsch\/2026\/07\/03\/the-ai-capital-expenditure-cycle-has-not-peaked&#8212;and-that-changes-the-investment-calculus\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-07-03 16:14:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.forbes.com\">www.forbes.com<\/a><\/p>\n<ul>\n<li>\n<p><strong>AI Infrastructure Investment<\/strong>: Investment in AI infrastructure by major hyperscalers exceeded $360 billion in 2025, indicating long-term commitments to data centers, computing infrastructure, and model development.<\/p>\n<\/li>\n<li>\n<p><strong>Physical Resource Constraints<\/strong>: Regardless of AI model architecture, power, memory, chips, and data centers are critical inputs, suggesting focus on these physical resources may be more valuable than picking software company winners.<\/p>\n<\/li>\n<li>\n<p><strong>Energy Demand as a Constraint<\/strong>: Energy requirements, particularly electricity, are the most significant near-term constraints on AI development, impacting data centers&#8217; expansion and driving growth in the power industry and related infrastructure.<\/p>\n<\/li>\n<li>\n<p><strong>Infrastructure as Investment Opportunity<\/strong>: For investors, considering the infrastructure layer like power, cooling, connectivity, and data center Real Estate Investment Trusts (REITs) might offer AI-related exposure without paying top valuations usually associated with high-cost software and semiconductor stocks.<\/p>\n<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The AI Capital Expenditure Cycle Has Not Peaked \u2014 And That Changes The Investment Calculus&#8230;<\/p>\n","protected":false},"author":1,"featured_media":240074,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/imageio.forbes.com\/specials-images\/imageserve\/6a46c6dc9981ac3f8b30bbe4\/0x0.jpg?format=jpg&height=900&width=1600&fit=bounds","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-240073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/240073"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=240073"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/240073\/revisions"}],"predecessor-version":[{"id":240075,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/240073\/revisions\/240075"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/240074"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=240073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=240073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=240073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}