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The investors who had pumped trillions of dollars into tech stocks over the past few years worried whether the tens of billions of dollars that tech companies were spending on new data centers suddenly looked like comic overkill.
But the biggest tech companies made clear in recent earnings reports that they believe there may be no such thing as overkill when it comes to new data centers.
Amazon on Thursday implied that its capital expenditures — a figure that includes data center construction and other items like warehouses — could top $100 billion this year. Microsoft said its spending could surpass $80 billion. Alphabet said it would spend $75 billion, and Meta reaffirmed plans to have capital spending hit as much as $65 billion.
Combined, they could spend roughly $100 billion more than last year on these projects.
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