Google, Microsoft, Meta, and Amazon capex spending to hit $725 billion in 2026, up 77% from last year — analyst says bear thesis is 'garbage'
Google, Microsoft, Meta, and Amazon are projected to spend a combined $725 billion on capital expenditures in 2026, a 77% increase from the previous year, driven largely by investments in AI infrastructure and rising component costs. Analysts point to strong revenue growth in cloud and AI as justification for the surge in spending, with companies like Google and Microsoft significantly increasing their capex guidance. Despite concerns from some investors about the sustainability of such high spending, particularly at Meta, the overall outlook for Big Tech's expansion remains robust.
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Tech Industry Big Tech Google, Microsoft, Meta, and Amazon capex spending to hit $725 billion in 2026, up 77% from last year — analyst says bear thesis is 'garbage' News By Luke James published 30 April 2026 Microsoft's CFO attributed $25 billion of its record capex budget to rising memory chip prices. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. (Image credit: Getty / Bloomberg) Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter Google, Amazon, Microsoft, and Meta collectively plan to spend $725 billion on capex in 2026, up 77% from last year's record $410 billion, according to…
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