Capex

Big Tech’s latest capex projections have shocked investors. Look beneath the headline numbers, though, and spending may actually be growing far more slowly.That’s according to new research on Monday from analysts at RBC Capital Markets.Amazon, Google, Meta, and Microsoft are expected to spend almost $600 billion this year on data…

Wall Street had very different reactions to two of Big Tech’s biggest spenders after quarterly earnings reports came out on Wednesday.Both Meta and Microsoft reported higher-than-expected capex. While both companies beat revenue expectations, Microsoft’s stock sank more than 6% after-hours, while Meta’s stock jumped as high as 9%.Big Tech’s spending…