Apple Cuts Capex 20% as AI Rivals Ramp Up Spending

Charts from a16z show that while Alphabet, Microsoft, Amazon and Meta grew capex 5-8x since early 2023, Apple cut spending by 20%—yet remains the only Mag7 stock to beat the Nasdaq this year.

2026-11-09 ~ 2026-11-09 · 2 related posts

• Big Tech capex up 5-8x since 2023, but Apple spends 20% less than pre-AI boom — FinanceYF5 · 2026-11-09
• a16z charts: Apple capex down 20% from pre-AI-boom levels, the only Mag7 stock beating Nasdaq this year — FinanceYF5 · 2026-11-09