Last updated: 2026-02-10 03:28:30 ET
Big Tech's capex growth may be far slower than it looks
Meta Platforms (NasdaqGS:META) is planning one of the largest capital spending programs in tech, with up to $135b in 2026 focused on AI infrastructure...
Eaton, Texas Instruments, and Brookfield Renewable are all set to benefit as AI infrastructure spending heats up.
Both stocks have seen weak reactions post-earnings so far, though the reaction to MSFT has been considerably more negative. Extremely high CapEx have been a major driver of sentiment, with both investing heavily in their futures.
With Amazon stock trading at its cheapest P/E valuation in the last 10 years, this post-earnings selloff could indeed be one of the rarer buying opportunities on the dip.
Tech's megacaps announced major increases in capex spend for 2026, and now investors are preparing for cash to dwindle.
Huang's comments come after key Nvidia customers Meta, Amazon, Google and Microsoft reported their latest earnings over the past two weeks.
In 2026, Amazon plans to spend $200 billion in capex. Google is just behind at $175 billion to $185 billion. It's a lot of money!
Amazon tops Q4 earnings expectations, forecasts over $200 billion in capex for 2026. 💸
Alphabet stock is falling on its CapEx guidance, but this analyst says "it's still a great story"
