AI Infrastructure Spending Outpaces Cash Flow: Google's Capex Up 107%

Beth_Kindig · x · 2026-07-30

Capital expenditure growth among Big Tech is significantly outpacing operating cash flow growth, highlighting a widening gap between AI infrastructure spending and cash generation.

$GOOG leads with a 107% surge in capex, followed by $MSFT at 84%, $AMZN at 79%, and $META at 45%. In contrast, operating cash flow growth for these companies ranged only from 26% to 53%.

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