HomeCapEx: Actual vs Estimates, Plus Buyers Outside the five hyperscalers
Macro Cross-Check: four hyperscalers All-In Investment vs All US Information Processing Investment (BEA, $B Annualized)
Macro Cross-Check: four hyperscalers All-In Investment vs All US Information Processing Investment (BEA, $B Annualized)#
four hyperscalers all-in investment at $726B annualized lines up with $798B of US information processing equipment investment; it shows in the macro accounts.Draft, pending review
How to read this chart
Red: four hyperscalers all-in investment times four, annualized. Orange: US information processing equipment investment (nominal, seasonally adjusted annual rate, including imports). Blue: US software investment.
Source: Federal Reserve (FRED) and public statistics; FinSight compilation · Updated 2026-09-03
↩ This chart lives on the pages2-capex-consensus-csp-05