The relentless march of the omniscalers
Tech giants such as Alphabet, Amazon, Alibaba and Huawei are commanding enormous global resources
Tech giants such as Alphabet, Amazon, Alibaba and Huawei are commanding enormous global resources

Alphabet, Meta and Microsoft divide the market over whether they can translate huge capital expenditure into income

US tech giants including Alphabet and Amazon are tapping foreign debt market at an unprecedented rate

Meta stock drops on capex increase while Alphabet’s cloud business grows faster than rivals Amazon and Microsoft

Stellar results from Alphabet, Microsoft and Meta cannot yet be attributed to the technology’s usefulness

There are big differences in the level of risk and likely returns of Big Tech’s spending

Silicon Valley giants have transformed from asset-light cash machines to huge infrastructure investors