Clouded Judgement 11.1.24 - Amazon, Google, Microsoft & Meta on AI and CapEx
Clouded Judgement
NOVEMBER 1, 2024
2025 CapEx Commentary: “We continue to expect significant capital expenditure growth in 2025” Microsoft CapEx Q3 CapEx (excluding financial leases): $15B vs expectations of ~$16B Q4 Capex Commentary: “We expect capital expenditures to increase on a sequential basis, given our cloud and AI demand signals.
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