Microsoft, Amazon, Alphabet and Meta spent a combined $201.9 billion on capex last quarter, up 107.5% from $97.2 billion a year earlier.
That is more than triple the $58.8 billion the four spent in the third quarter of 2024.
Here is what each company spent on property and equipment last quarter.
Amazon $77.2 billion
Alphabet $51.3 billion
Microsoft $39.3 billion
Meta $33.9 billion
Combined spending has risen in 7 of the last 8 quarters.
It jumped from $165.0 billion in the second quarter to $201.9 billion in the third.
Amazon alone now spends more in a quarter than all four did two years ago.
See more in the Opening Bell charts hub.
The AI buildout keeps getting bigger, and so do Big Tech's checks.
Get charts like this every morning. Join 200K+ investors on our free morning briefing. Get high-conviction stock ideas in your inbox. Upgrade to Best Ideas Club.
