Callum Thomas: Tech sector now represents half of S&P500 capital expenditure

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07.05.2026

Callum Thomas: Tech sector now represents half of S&P500 capital expenditure — Tech firms dominate S&P500 capex

Callum Thomas, industry influencer, highlights that capital expenditure by technology and tech-related companies now accounts for half of all S&P500 corporate capex.

He describes this as a significant shift, noting that the data could be interpreted as either a bullish or bearish signal depending on perspective.

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Thomas regularly provides updates on the S&P 500, including a weekly analysis covering technical factors, seasonality, and fund flows in his chart review. He has also announced upcoming releases of his S&P 500 ChartStorm for further market insights. These reports track trends and sector themes in the index.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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