Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Morgan Stanley's Cloud Capex Tracker shows a significant increase in cloud capital expenditure for 2024, with Meta, Microsoft, and Google leading the spending. Meta plans to invest $35-40 billion in capex, totaling $100 billion over 3 years. Amazon is also increasing its CapEx to support AWS infrastructure and generative AI efforts.
Cloud Capex expectations $GOOG $AMZN $META $MSFT https://t.co/0gxwA889zl https://t.co/QnSRYkeXVl
Meta, $META, CEO Mark Zuckerberg has said investments in artificial intelligence are increasing, but he warned investors it may take time for Meta to profit from AI, per CNBC.
$AMZN capex needs most massaging. Some forget to account for disposal of assets. Non-tech is substantial. GS $64B total capex (+32% y/y) modeled might even be conservative. If $14B Q1 is the low, other Q's avg $16.5B. Higher capex "primarily driven" to support AWS (+%52% y/y). https://t.co/QOcnqWWUXx