Editorial companion

What stands out

Dan Ives walking through Bloomberg’s studio did more than cheerlead AI spending, he recited the receipts: Amazon lifting full-year capital expenditures to $220 billion and hyperscalers doubling down on infrastructure. That kind of public commitment matters because it turns abstract AI enthusiasm into real orders for chips, servers and networking gear, which is the lifeline for a sector that felt beaten down until this spending surge. For investors, the interview is a timely reminder that the backbone of AI is industrial-scale capex, not just flashy models.