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Money spent by a company to acquire or maintain physical assets like buildings and equipment.
Capital expenditures, often abbreviated as capex, represent funds used by organizations to upgrade or buy physical assets such as property, industrial buildings, or computer equipment. Businesses use these investments to maintain or grow their scope of operations. Unlike day-to-day operating expenses, these costs are capitalized and depreciated over time.
CoreWeave beat sales expectations and raised its 2026 targets, even as borrowing costs climb and the company manages nearly $47 billion in debt.
Neocloud provider IREN pushed back $4 billion in projected annual revenue to early 2026 after Microsoft asked to upgrade data center networking for frontier AI models.
Investors are growing anxious over massive AI infrastructure spending by major technology firms, leading to steep market drops.