Microsoft, Alphabet, Amazon, and Meta reported combined capex of $246B in 2024, up 63% YoY from $151B, with 2025 forecasts exceeding $320B (Financial Times)

Financial Times:
Microsoft, Alphabet, Amazon, and Meta reported combined capex of $246B in 2024, up 63% YoY from $151B, with 2025 forecasts exceeding $320B  —  Amazon, Meta, Microsoft and Alphabet forecast massive capital expenditure despite investor concerns about returns and DeepSeek