Mar. 17 at 8:51 AM
Over the past few years, Big Tech has entered an unprecedented surge in capital expenditures.
$MSFT leads the pack with a +693% increase in CapEx since Q1 2020, followed by
$META (+501%),
$AMZN (+464%), and
$GOOGL (+364%).
The real acceleration began after the launch of ChatGPT in November 2022. Driven by AI, CapEx at
$MSFT and
$GOOGL has expanded 4x, while
$AMZN and
$META have seen roughly 3x growth.
This reflects a structural shift: hyperscalers are rapidly deploying capital into data centers, compute infrastructure, and AI capabilities at an unmatched pace.
At its core, this is more than just a growth cycle—it’s a full-scale race for AI dominance, with Big Tech going all-in.