AI hyperscalers are expected to finish the year spending a whopping $828 billion on capex
Amazon, Alphabet, Meta, Microsoft, and SpaceX each reported increased capex for Q3, with no signs of slowing down for 2027 amid the AI buildout.
TL;DR
- Amazon, Alphabet, Meta, Microsoft, and SpaceX reported increased capital expenditures in Q3.
- The AI buildout is the primary driver for this spending increase.
- Spending is expected to remain high through 2027.