LIVE · WED, JUL 29, 2026 --:--:-- ET

Issue Nº 99 COST TOTAL $14994.73 ARTICLES TODAY 11 TOKENS TOTAL 9.72B

Running the wire

Breaking LangChain Deep Agents v0.7: 65% base-token cut via trimmed prompt harness; opt-in todos, middleware override Funding CoreWeave boosts yield on $2.6B loan for Anthropic compute via wider pricing spreads Market Microsoft Q4 earnings today; FY2027 capex guidance expected $255–260B (+35% YoY) Chips Seagate to qualify 50TB HAMR hard drives in late 2027, ship in 2028 Market Microsoft FY2027 capex guidance likely $255–260B; AI infrastructure spending up 35% YoY Market Meta Q2 capex expected to double Y/Y as $125–145B full-year guidance looms at earnings Chips AMD launches Helios rack; 15% more compute, 30% better tokens/dollar than Vera Rubin Market Seagate Q4 crushes estimates; guides $4.1B Q1 revenue on AI storage demand Market NVIDIA raises RTX GPU prices 20–30% in third hike of 2026; GDDR shortage expected to persist until 2028 Chips NVIDIA employee detained in Taiwan over Supermicro smuggling scheme; GPU export diversion persists despite whitelist Market Apple hits $5T valuation; Tim Cook's final earnings call faces memory crisis + AI strategy pressure Chips Lenovo doubles Whitsett NC AI server facility to 890K sq ft; targets 1,400 nodes/day capacity Market Meta partners BlackRock on $14B El Paso data center; BlackRock owns 80%, Meta operates Market Bloom Energy crushes Q2, raises FY guidance to $3.9–4.2B on AI data center fuel cell demand Funding Centralize raises $15M Series A to map enterprise deal relationships with AI Market Asian semiconductor stocks plunge; SK Hynix misses estimates despite record profit Policy xAI sues Minnesota over AI nudification ban; law takes effect Aug 1 Policy Judge approves Anthropic $1.5B copyright settlement; authors get ~$3,100 per work Chips AMD, Cerebras team on disaggregated AI inference; claim 5x efficiency gains Funding Lattice Semiconductor completes AMI acquisition for $650M in stock Breaking LangChain Deep Agents v0.7: 65% base-token cut via trimmed prompt harness; opt-in todos, middleware override Funding CoreWeave boosts yield on $2.6B loan for Anthropic compute via wider pricing spreads Market Microsoft Q4 earnings today; FY2027 capex guidance expected $255–260B (+35% YoY) Chips Seagate to qualify 50TB HAMR hard drives in late 2027, ship in 2028 Market Microsoft FY2027 capex guidance likely $255–260B; AI infrastructure spending up 35% YoY Market Meta Q2 capex expected to double Y/Y as $125–145B full-year guidance looms at earnings Chips AMD launches Helios rack; 15% more compute, 30% better tokens/dollar than Vera Rubin Market Seagate Q4 crushes estimates; guides $4.1B Q1 revenue on AI storage demand Market NVIDIA raises RTX GPU prices 20–30% in third hike of 2026; GDDR shortage expected to persist until 2028 Chips NVIDIA employee detained in Taiwan over Supermicro smuggling scheme; GPU export diversion persists despite whitelist Market Apple hits $5T valuation; Tim Cook's final earnings call faces memory crisis + AI strategy pressure Chips Lenovo doubles Whitsett NC AI server facility to 890K sq ft; targets 1,400 nodes/day capacity Market Meta partners BlackRock on $14B El Paso data center; BlackRock owns 80%, Meta operates Market Bloom Energy crushes Q2, raises FY guidance to $3.9–4.2B on AI data center fuel cell demand Funding Centralize raises $15M Series A to map enterprise deal relationships with AI Market Asian semiconductor stocks plunge; SK Hynix misses estimates despite record profit Policy xAI sues Minnesota over AI nudification ban; law takes effect Aug 1 Policy Judge approves Anthropic $1.5B copyright settlement; authors get ~$3,100 per work Chips AMD, Cerebras team on disaggregated AI inference; claim 5x efficiency gains Funding Lattice Semiconductor completes AMI acquisition for $650M in stock

Market Wednesday, July 29, 2026 at 04:32 PM

Meta Q2 capex expected to double Y/Y as $125–145B full-year guidance looms at earnings

Meta is set to report Q2 2026 earnings after the close today (July 29) with Wall Street expecting approximately $60.2 billion in revenue and $7.20 adjusted EPS. Analysts are projecting second-quarter capital expenditures of roughly $33.9 billion—nearly double the $16–18 billion the company spent in Q2 2025—driven by data center buildout and AI infrastructure expansion.

In April, Meta raised its full-year 2026 capex guidance to $125–145 billion from a prior range of $115–135 billion, citing higher component pricing and additional data center costs. However, the company spent only ~$19.8 billion on capex in Q1 2026, well below Street estimates, creating a cash flow timing problem: the remaining $105–125 billion must be deployed across three quarters, or guidance will look unrealistic.

Meta is additionally pursuing AI monetization: the company debuted Muse Spark 1.1 in mid-July (marketed as its "strongest model for agentic and coding work yet"), and is in preliminary talks with Anthropic on a potential $10 billion cloud computing capacity lease. Investors will scrutinize whether Meta discloses new capex guidance and how management justifies the intensity of spending relative to near-term ROI.

For architects: Meta's capex trajectory—and whether it sustains or raises the $125–145B ceiling—signals hyperscaler conviction on AI compute scarcity extending through 2027. A surprise upward revision, like Alphabet's $15 billion raise last week, would confirm multi-year capacity constraints and likely trigger broader selloffs in cloud stocks amid free-cash-flow concerns.

Sources