Boring_Business on X: "Chamath on Mag 7 capex numbers and what means for capital allocation "These companies will now get levered and highly sophisticated around the financial engineering. They will have more debt and all kinds of different vehicles. Term loans and revolvers, and all of this stuff.

@mitchAnnotated May 2, 2026Public

I think the Mag 7 is going to come out on top no matter how you slice or dice it

X videox.com0:06–0:59

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Mitch

@mitch

I am a tester of this, pretty cool!

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last 20 or 30 years, well, 20 years, it's been that the mag seven just kind of ran away with it, that these big companies got bigger and bigger, and it absorbed all of these investment dollars.
And the biggest reason was that it had these very asset light business models, right?
You just built some more software, and it just has all this leverage, and it all just kind of worked, except maybe for Amazon, because they needed physical infrastructure for warehouses and delivery and whatnot.
But by and large, it was a very asset light investment cycle.
Now, all of a sudden, the pendulum is swinging violently in the other direction.
And there's something that I think people misunderstand, which is as it moves back to these asset heavy infrastructure investments, the hyperscalers are signing checks.

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