James Pethokoukis: Big Tech AI capex surpasses $1 trillion amid 2023 boom

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Mikhail Vnuchkov

31.07.2026

James Pethokoukis: Big Tech AI capex surpasses $1 trillion amid 2023 boom — Big Tech AI capex tops $1 trillion

James Pethokoukis highlights continued growth in capital expenditure among major technology firms.

According to comments from an RBC Capital analyst cited by Pethokoukis, companies like Google, Amazon, Microsoft and Meta have accelerated their investment pace since the AI boom began in 2023, with AI-related spending now surpassing $1 trillion.

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Pethokoukis has previously tracked major equity benchmarks, noting the S&P 500 rose 9.3% year-to-date through July with a target of 8250 still seen as achievable (S&P 500 rises 9.3% through July). He also reported on Uber’s share price falling over 16 percent amid competition concerns from autonomous vehicle providers (Uber share price drops over 16 percent). These updates reflect his ongoing focus on tech-driven market developments.

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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