REX Shares(@REXShares):$166 billion. That is what $MSFT , $GOOG , $AMZN and $META spent on capital expenditures in a single quarter. Q2 2026: +87% year over year. +27% from Q1. +272% since the start of 2024. Every prior quarter in this series looked like a peak at the time. None of them were.

2026.08.12 18:41

$166 billion. That is what $MSFT , $GOOG , $AMZN and $META spent on capital expenditures in a single quarter. Q2 2026: +87% year over year. +27% from Q1. +272% since the start of 2024. Every prior quarter in this series looked like a peak at the time. None of them were.

REX Shares@REXShares

2026.05.14 13:34

Combined quarterly capex from the four largest hyperscalers: $MSFT , $GOOG , $AMZN , $META , by calendar quarter: Q1 2024: $44.6B Q2 2024: $53.1B Q3 2024: $59.8B Q4 2024: $72.8B Q1 2025: $72.7B Q2 2025: $88.7B Q3 2025: $97.8B Q4 2025: $119.4B Q1 2026: $130.6B That's a +193% increase over nine quarters. $NVDA reports Q1 FY27 on Wednesday, May 20 (AMC).