Oracle's quarterly capex up 2,540% to $28.5B in five years, fastest growth among hyperscalers
Beth_Kindig · x · 2026-11-08
Analyst Beth Kindig breaks down five years of quarterly capex growth across hyperscalers: Oracle leads with a 2,540% surge to $28.5B per quarter, followed by Alphabet at +705% to $51.4B.
The accompanying chart shows current quarterly capex: Amazon $77.26B, Alphabet $51.35B, Microsoft $39.37B, Meta $33.94B, Oracle $28.5B. While Oracle remains smallest in absolute terms, its curve steepens sharply after 2024, reflecting its aggressive AI compute rental expansion.
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