The Kobeissi Letter, a financial markets commentary publication, highlighted a significant surge in US capital expenditure on Sunday, November 8, 2026, via a post on X. The publication stated, "CapEx in the US is skyrocketing: The value of US nondefense capital goods shipments, excluding aircraft, jumped +11.6% YoY in September, reaching a record $86 billion. This marks the fastest annual growth rate since July 2021. Even more impressive, shipments have risen at a 3-month annualized rate of +16.5%, the strongest pace since 2011, excluding the pandemic recovery. Since October 2024, shipments have increased by +$12 billion, or +16.5%. Much of this momentum is being fueled by the AI investment boom. Orders for computers, servers, storage devices, and related equipment have surged +27% YoY, the largest annual increase since January 1997. The AI infrastructure buildout is beyond massive."
This reported acceleration in capital expenditures aligns with recent coverage indicating strong demand for AI-related infrastructure. For example, TeraWulf's HPC Revenue Hits $63M on 774% Growth as AI Demand Changes Mining Economics, demonstrating how AI is reshaping various industries. The technology sector continues to see substantial investment, with companies like Nvidia experiencing a +2.8% gain today, reflecting ongoing market interest in AI enablers.
The Kobeissi Letter's analysis suggests that the current pace of investment in nondefense capital goods points to robust economic activity, particularly within the technology sector. This trend, heavily influenced by the AI investment boom, could signal sustained growth in related industries. Observers will watch whether these elevated shipment rates translate into broader economic expansion and continued strength in tech earnings.
