Bank of America projects a significant increase in annual spending on AI equipment for mega-cap tech stocks like $GOOG, $META, and $AMZN. The estimates indicate a surge in technical infrastructure spending, with $AMZN leading at $41bn in 2024.
Soaring capex estimates for $GOOG, $META and $AMZN. #AI https://t.co/ybvHH3HSTC
MEGA-CAP TECHNOLOGY stocks are about to see a historic year-over-year increase in spending, driven by Artificial Intelligence, says Bank of America, zooming in on $AMZN $GOOGL $META For Amazon, Google, and Meta, server & related infrastructure spend (which includes GPUs) is… https://t.co/gORATyS0o9
BofA: "Despite higher capex, FCF to grow for all 3-companies." Technical infrastructure spends (incl. GPUs) expected to rise 43% y/y in 2024: $GOOG: +$12bn to $28bn $META: +$7bn to $22bn $AMZN: +$8bn to $41bn Capex on Land, Building & CIP to rise $9bn YoY to $50bn in 2024:… https://t.co/eUCwQid9L2
BofA: "Despite higher capex, FCF to grow for all 3-companies." Technical infrastructure spends (incl. GPUs) expected to rise 43% y/y in 2024: $GOOG: +$12bn to $28bn $META: +$7bn to $22bn $AMZN: +$8bn to $41bn Combined: +35% YoY to $145bn Capex on Land, Building & CIP to rise… https://t.co/ctbTxh6ixj
BofA estimates for $GOOG, $META and $AMZN's capex. The 2025/2026 estimates have to be taken with a grain of salt (might be too low if the AI boom doesn't let up), but the numbers drive home how much infra capex is soaring this year (and also, how much it jumped in 2021/2022). https://t.co/e676JWuwil
Mega-cap tech stocks to see steep jump in annual spending on AI equipment - BofA https://t.co/7i57PzwBDf https://t.co/81DDLQIvy3