Matt Bloxham

speaker
32 appearances 8 recordings 1 series first heard Jan 2026 last heard 4 Jun

Matt Bloxham’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
3 · May OctJan 26AprJulnow

Recordings per month over the last 12 months — 8 in all, peaking in May 2026 with 3.

Appearances

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And I think this strong performance, both in the quarter that they've just closed and the forward guide, it was very well signposted by their big clients, the hyperscalers.
In the last few weeks, we've had updates from all the big ones, Google, Meta, OpenAI, and the rest, and pointing to $650 billion of capital spending on AI data center capacity over the next 12 months.
This is a $4.7 trillion market cap company.
there's already a huge amount of forward growth baked into the valuation.
And so the market's looking for about $66 billion of revenue in their fourth quarter, which ended at the end of January.
That would be 68% year-on-year growth, and actually a small acceleration from Q3 when it was 62%.
capital spending budget for 2026.
The market's looking for about a 30% increase year over year to about $120 billion.
So, we'll be interested to see whether there's upside to that.
I think on balance, people might be expecting them to commit to more given what we saw recently from Meta.
They're talking about $52 to $56 billion of capital spending in this coming year.
That's about $6 to $10 billion, or 15 to 20 percent higher than the market was expecting, and a big step up year on year.
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