Amazon, Google, Microsoft and Meta Combined Quarterly CapEx Tops $200B

Amazon, Google, Microsoft and Meta combined quarterly capital expenditures exceeded $200 billion, with Amazon spending roughly $77 billion, Google about $51 billion, Microsoft $39 billion and Meta $34 billion. The increased spending aims to support rising demand for artificial intelligence services and cloud growth, with Amazon projecting AWS growth of more than 40% in both 2027 and 2028. Amazon's outlay was nearly $20 billion higher than analyst projections, which weighed on the company's share price and its profit guidance for the fourth quarter.