Apple is the only Big Tech company whose capex declined last quarter
Apple is thinking outside the box (Tayfun Coskun/Getty Images)One of these companies is not like the others.If you’ve been following the Big Tech companies’ earnings reports, you know that they’re pouring more than ever into capital expenditure to pursue their AI futures. Amazon, Alphabet, Meta, and Microsoft all spent record sums last quarter on purchases of property and equipment — largely tied AI chips and data centers. And for the companies that offered forward-looking guidance, their capex ...
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