Goldman: "the first hyperscaler to signal that it can slow the pace of spending will likely see its share price rewarded. If that happens, others will take notice. That is the reflexivity that ultimately stalls the capex cycle"
The post quotes Goldman Sachs suggesting that the first hyperscaler to reduce its capital expenditure will likely see its stock price rewarded, potentially triggering a broader stall in the current capex cycle due to market reflexivity.
关键要点
Goldman Sachs predicts market rewards for the first hyperscaler that slows its spending pace.
A spending reduction by one major player could prompt others to follow suit.
This market reflexivity could ultimately stall the ongoing capital expenditure cycle.
