Bloomberg reports Meta's next-year capex plans defy cut fears, with the company signing major compute deals with CoreWeave, Google, and Oracle, and contracting over 5 GWW of data center capacity in H1 2026. Sell-side analysts are lifting FY27 Meta capex estimates to $220 billion against Street estimates of $160 billion, with peers calling 2027 spend "shockingly high." xAI's Grok 4.5 release positions SpaceXAI back at the frontier-lab table with near-frontier capability at a lower cost per task, trained on tens of thousands of GB300 GPUs.
Meta's aggressive data center and compute commitments signal sustained hyperscaler demand, while xAI's model progress reinforces compute as the binding constraint.