Record $130B in Q1 Capex for Meta, Alphabet, Microsoft, and Amazon; Expected to Rise to $725B by 2026, a 77% Increase from $410B in 2025 (Financial Times)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2026
0mins
Source: Techmeme
Record Combined Capex: Meta, Alphabet, Microsoft, and Amazon's combined capital expenditure hit a record $130 billion in Q1, with projections to reach $725 billion by 2026, marking a 77% increase from $410 billion in 2025.
Meta's Stock Decline: Meta's stock has dropped despite the increase in capital expenditure, indicating challenges in its market performance.
Alphabet's Cloud Growth: Alphabet's cloud business is growing faster than its competitors, Amazon and Microsoft, highlighting its competitive edge in the cloud sector.
Industry Trends: The overall trend shows significant investment in technology infrastructure among major tech companies, reflecting their focus on growth and innovation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
