Microsoft

The four HyperCAPEX musketeers collectively spent over $210 billion on CAPEX in Q3, up 22% from last quarter and up 84% from a year ago. New CAPEX record! And what we like to call a good start! This quarter’s spend is 84% of their entire year 2024 spend, while their cumulative lifetime CAPEX spend is…

Our four hyperCAPEX companies collectively spent almost $172 billion on CAPEX in Q2, up 29% from last quarter and up 77% from a year ago. This quarter’s spend is more than they collectively spent for the entire year of 2023 ($155 billion), and their cumulative lifetime CAPEX spend is over $1.9 trillion. At the halfway…

All four hyperCAPEX companies reporting the same day makes for a big day in the world’s biggest game! Our four hyperCAPEX companies spent over $133 billion on CAPEX in Q1, collectively up 4% from Q4 and up 72% from a year ago. 2025 Actual CAPEX 2026 Guidance CAPEX (Jan ’26) 2026 Guidance CAPEX (Apr ’26)…