Hyperscaler depreciation to hit $590B by 2029, likely exceeding combined operating profits
GaryMarcus · x · 2026-10-25
BCA strategist Peter Berezin estimates that depreciation and amortization expenses for the five hyperscalers will reach $590 billion in 2029 — likely exceeding their combined operating profits in 2026. Gary Marcus shared the figure with the comment 'mass insanity,' feeding the debate over whether AI capex can ever pay for itself.
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