Alphabet's Q2 Capex Expected at $44.9B, Up 100% YoY, as Tech Giants Report AI Spending

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According to Barron's, Alphabet, Microsoft, Amazon, and Meta have committed billions of dollars to artificial intelligence infrastructure, with earnings reports revealing the scale of capital expenditure. Alphabet will lead earnings disclosures on July 22, followed by Microsoft on July 29 and Apple on July 30. FactSet analyst consensus expects Alphabet's second-quarter capital expenditure to reach $44.9 billion, a 100% increase year-over-year. Analysts project capex guidance will remain elevated through 2026 due to sustained demand for AI training and inference capacity, amid supply constraints and rising component costs.
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