MSFT, GOOGL, META, AMZN guided ~$285B combined capex for 2025 — roughly matching their total net income. Every dollar of profit is being plowed back in, which o

MSFT, GOOGL, META, AMZN guided ~$285B combined capex for 2025 — roughly matching their total net income. Every dollar of profit is being plowed back in, which only works if #1 and #2 both hold.