In the last week of April 2026, Microsoft, Amazon, Alphabet, and Meta reported their first-quarter results within forty-eight hours of one another.
The Big Four lifted their 2026 capex guides in unison. Apple reported the day after, decreasing capex year-over-year — and announcing a structural break from its decade-old “net cash neutral” policy.
The Financial Times then compiled the totals: $725 billion combined for the Big Four in 2026, up 77% from $410B in 2025 — the largest single-year concentrated infrastructure — as explored in the economics of AI compute infrastructure — cycle in the history of technology.
Q1 alone saw the Big Four spend $130 billion combined — 3.7× the $35 billion they spent in Q1 2023.
THE BUSINESS ENGINEER
Continue Reading: The AI Capex Map & The State of AI Hyperscalers
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
Scroll to Top
Discover more from FourWeekMBA
Subscribe now to keep reading and get access to the full archive.
