Analysis – Pezco

30 de agosto de 2026by PezcoAnalysis

Hyperscalers: How Much Is Too Much?

Just 10 of the most relevant companies among the so-called hyperscalers in the United States are set to invest close to a total of USD 1 trillion in 2026, up from a mere USD 100 billion in 2020 (chart 1).

The Capex associated with the AI boom is competing for investors’ attention and is helping to put pressure on U.S. Treasury yields.

To give a sense of magnitude, the ratio of Capex (of our sample) to the federal government’s financing needs jumps from 3% to 50% in 6 years (chart 2).

Higher interest rates neither stem from a greater perception of risk nor are they causing a flight to safety. The market perceives a movement of healthy competition for resources that finances the expansion of productive capacity and will ultimately produce significant productivity gains in the coming years.

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24 de agosto de 2026by PezcoAnalysis

How AI Is Impacting Macroeconomics: The Cases of Taiwan, South Korea, Singapore, Ireland and the Netherlands.

Markets appear increasingly uneasy about the impact of hyperscalers’ outsized demand for resources on long-term interest rates. The challenge seems more significant in the United States than in Asia. It is also important to pay attention to mounting pressures on land and energy. See Pezco Economics’ report on the macroeconomic impact of AI in Taiwan, South Korea, Singapore, Ireland, and the Netherlands.

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20 de agosto de 2026by PezcoAnalysis

Latam Ex Brazil – A Favorable Outlook for the Years Ahead

In this report we present assessments and outlooks for the economies of Argentina, Colombia, Chile, Mexico, Paraguay and Peru. For a financial market that is mostly focused on developed economies and AI themes, some diversification into Latin American emerging markets looks like a potentially interesting alternative.

260814_Panorama_America_Latina eng Baixar

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