Hyperscaler capex revisions hit +$48B vs January baseline.
Semis
All four mega-cap clouds lifted full-year AI infrastructure spend this week. Street models still anchored to January numbers, leaving a meaningful gap into the next print cycle. Networking names lagged the move — the under-modeled leg.
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Angle
↑ LONG+8% target-3% stop2-4 weeks
Networking attach is the under-modeled leg. Long AVGO + ARM.