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Daily Archives: 10/04/2026

A dynamic capture of Jakarta's skyline at night with vibrant neon light streaks and city lights.

AI, MANBRIC/Biotech, Robotics & Smart Cities: the physical capex supercycle

The "AI bubble" debate is secondary; what is observable is the largest private investment cycle in modern history, whose spillover effects ripple across energy, industrial real estate, semiconductors, robotics, and cities. The supercycle figures. The five major hyperscalers (Microsoft, Alphabet, Amazon, Meta, Oracle) will commit $660-725 billion in capex by 2026, nearly double that of…

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