Big Tech's AI spending is soaring, but higher capex may reflect inflation as much as expansion this earnings season.
Big Tech earnings season and the capex spiral
By Alistair Barr
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Author of the Tech Memo newsletter
Big Tech faces earnings test after AI spending spree
Big Tech is about to reveal just how much it's betting on AI, and the numbers are staggering
Alphabet profit surge amid AI investment push
Google expects AI budget to rise amid capacity shortages, with capex doubling to $190B
The fourth-quarter earnings season will give the megacaps an opportunity to lay out their 2026 spending visions and, in some…
Google, Meta, Amazon and Microsoft have all ramped up capex to secure a podium spot in the race to build out AI infrastructure
Most of the tech megacaps report quarterly results this week, and investors are particular focused on capital expenditures.
Alphabet and Amazon face investor backlash over combined $375B+ in 2026 AI capex plans, with hyperscaler spending on track to…
Tech's megacaps announced major increases in capex spend for 2026, and now investors are preparing for cash to dwindle.
Spending on AI infrastructure is consuming almost all of the revenue Big Tech firms are bringing in.
