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Combined capital spending by Alphabet, Amazon, Apple, Meta, and Microsoft grew 32% in 2021, same as in 2020, to $140B, and 20% in the first nine months of 2022 (Richard Waters/Financial Times)

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Combined capital spending by Alphabet, Amazon, Apple, Meta, and Microsoft grew 32% in 2021, same as in 2020, to $140B, and 20% in the first nine months of 2022 (Richard Waters/Financial Times)
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Richard Waters / Financial Times:

Combined capital spending by Alphabet, Amazon, Apple, Meta, and Microsoft grew 32% in 2021, same as in 2020, to $140B, and 20% in the first nine months of 2022  —  Companies are not going to let up spending despite weakening economy  —  Investors have grown accustomed to periodic leaps …



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