$Amazon(AMZN.US) Big tech companies, particularly Amazon and Alphabet, are significantly increasing capital expenditures, with plans totaling $700 billion this year. Alphabet announced a rise in capex to between $195 billion and $205 billion, driven by strong demand exceeding current computing capacity, despite a 8% stock decline following the announcement. I believe it’s very likely to affect other Mag 7 companies that are spending huge as well. Firstly, Amazon is a much larger cloud provider than Alphabet. Amazon Web Services has the greatest global share of the cloud computing market at 28%, followed by Microsoft at 21% and Google Cloud at 14%. Secondly, Amazon has been very public and bullish about its capex. In a letter to shareholders in April, CEO Andy Jassy posted a lengthy statement on Amazon’s website justifying the company’s planned spending and saying it would be a “meaningful leader” in AI. Heading into earnings for Amazon next week, I won't be surprised to see another bearish sentiment if Amazon raises Capex again despite beating expectations and increasing revenue and margins. @Captain's Treasure