{
  "generatedAt": "2026-10-22T16:04:11Z",
  "disclaimer": "Analysis and opinion, not investment advice.",
  "kind": "person",
  "slug": "hayden-capital",
  "name": "Hayden Capital",
  "role": null,
  "url": "https://deepstack.ltd/people/hayden-capital/",
  "api": "https://deepstack.ltd/api/v1/entities/people/hayden-capital.json",
  "summary": "Hayden Capital is named in 2 Parts of The Buildout, most recently Part 14: The Cash Arrives Unevenly. Argued in Part 4 (Voices that cross sides).",
  "parts": [
    {
      "part": 4,
      "headline": "AI Spending Has Met Its First Real Bill",
      "url": "https://deepstack.ltd/stories/the-market-stops-paying-for-faith/"
    },
    {
      "part": 14,
      "headline": "The Cash Arrives Unevenly",
      "url": "https://deepstack.ltd/stories/the-cash-arrives-unevenly/"
    }
  ],
  "numbers": [],
  "mentions": [
    {
      "part": 4,
      "section": "The tape picks winners",
      "excerpt": "Hayden Capital’s second-quarter letter explains why the vote changed.",
      "url": "https://deepstack.ltd/stories/the-market-stops-paying-for-faith/"
    },
    {
      "part": 14,
      "section": "Lede",
      "excerpt": "Nineteen days later, Hayden Capital put the four largest spenders close to $800 billion for 2026 and wrote in its August 27 letter that their capital spending was about to overtake their internal cash flow, so that for the first time the gap would need outside capital.",
      "url": "https://deepstack.ltd/stories/the-cash-arrives-unevenly/"
    }
  ],
  "sides": [
    {
      "part": 4,
      "question": null,
      "side": "crossing",
      "sideLabel": "Voices that cross sides",
      "claim": "The current hyperscaler capex boom, with Alphabet, Amazon, Meta, and Microsoft together spending close to $800 billion in 2026, requires external capital funding for the first time because capex now exceeds internal cash flow.",
      "date": "2026-08-27",
      "url": "https://fiscal.ai/fund-letters/hayden-capital-q2-2026-fscl_document_4UXZ6MTS260",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/the-market-stops-paying-for-faith/",
      "sidesUrl": "https://deepstack.ltd/sides/the-market-stops-paying-for-faith/"
    },
    {
      "part": 4,
      "question": null,
      "side": "crossing",
      "sideLabel": "Voices that cross sides",
      "claim": "AI chip prices are currently inflated by speculative demand from companies ordering more chips than they need to secure allocation, and reselling them at premiums—a dynamic similar to Rolex watch secondary market pricing.",
      "date": "2026-08-27",
      "url": "https://fiscal.ai/fund-letters/hayden-capital-q2-2026-fscl_document_4UXZ6MTS260",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/the-market-stops-paying-for-faith/",
      "sidesUrl": "https://deepstack.ltd/sides/the-market-stops-paying-for-faith/"
    }
  ],
  "coverage": {
    "creators": 1,
    "claims": 57,
    "texts": 4,
    "asOf": "2026-10-22"
  },
  "lastUpdated": "2026-10-22"
}