# RenMac Off-Script: Big Tech Faces Capex Conundrum

Page: https://stenobird.com/podcast/renmac-344092/renmac-off-script-big-tech-faces-capex-conundrum
Text version: https://stenobird.com/podcast/renmac-344092/renmac-off-script-big-tech-faces-capex-conundrum.md
Podcast: [RenMac](https://stenobird.com/podcast/renmac-344092)
Published: 2026-02-06T19:03:57+00:00
Episode link: https://podcasters.spotify.com/pod/show/renmac-it/episodes/RenMac-Off-Script-Big-Tech-Faces-Capex-Conundrum-e3eo4qq
Audio file: https://anchor.fm/s/10928cc60/podcast/play/115134746/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-1-6%2F417608776-44100-2-f265fcef3bcb.mp3
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JSON: https://stenobird.com/v1/public/podcasts/renmac-344092/episodes/renmac-off-script-big-tech-faces-capex-conundrum
Duration seconds: 3388

## Resource

CNBC’s Sara Eisen joins the RenMac Off-Script team to unpack why Big Tech’s AI spend is suddenly spooking markets, cracking momentum trades, and pressuring software stocks. The team breaks down softening labor signals beneath solid GDP growth, Bitcoin’s risk warning, FX stress abroad, the views of the Davos elite and what a potential Kevin Warsh Fed chair could mean for markets.

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## Transcript

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