Hyperscaler capex at $646B is


1. more than the combined military spending of Germany, France, UK, Japan, Italy, Canada ($350B)
2. equivalent to the GDP or Singapore, Sweden, Argentina ($600B)
3. Equivalent to the US bank loan growth ($700B)
4. Slightly smaller than US defense spend ($917B)
5. More than half annual growth in consumer spend ($1T)
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