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Big Tech’s Massive Spend Is Masking a Slowdown in Capex Growth
As Corporate America reports fourth-quarter results, a chasm is opening between the seven biggest companies in the S&P 500 Index and everyone else. The giants are boosting their spending at a rapid pace, while the others are barely treading water.
AI’s massive potential to transform almost every industry pushes technology companies to continue spending on research and development. As Corporate America reports fourth-quarter results, a chasm is opening between the seven biggest companies in the S&P 500 Index and everyone else. The biggest companies — often called the Magnificent Seven — have been increasing their business outlays on things like property and equipment, spending 40% more on the category in 2024 than the year before, according to strategists at Societe Generale SA.
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