via Novel Cognition

AI is not just reshaping products and platforms—it’s transforming balance sheets. A new wave of capital and R&D investments among America’s largest tech giants is accelerating the infrastructure buildout required to support artificial intelligence at scale. Here’s a breakdown of how the “Big Six” U.S. tech companies—Apple, Nvidia, Microsoft, Alphabet (Google), Amazon, and Meta—are fueling the AI arms race with unprecedented financial firepower.

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Q: How much has CapEx increased among the top U.S. tech companies due to AI?

A: Capital expenditure (CapEx) among the “Big Six” exploded by 63% year-over-year between 2023 and 2024. This surge is primarily driven by investments in AI hardware, custom silicon (like Nvidia’s H100s and Google’s TPUs), hyperscale data centers,

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