Magnificent 7 Annual Capex Spend

Magnificent 7 Annual Capex Spend The Magnificent 7’s capital expenditure is projected to grow by 31% to $331 billion in 2025, followed by a 10% increase to $363 billion in 2026, underscoring the Magnificent 7’s focus on long-term growth and innovation. Image: Goldman Sachs Global Investment Research

GS CapEx & R&D Index – S&P 500 Index Quarterly Performance

GS CapEx & R&D Index – S&P 500 Index Quarterly Performance The underperformance of stocks with high CapEx and R&D expenditures highlights the tension between long-term corporate investment strategies and investors’ desire for near-term profitability. Image: Bloomberg

U.S. Large-Cap Capex by Company

U.S. Large-Cap Capex by Company Despite DeepSeek’s market impact, leading AI companies are likely to continue using advanced GPUs, with hyperscalers expected to increase AI infrastructure investments. Image: Goldman Sachs Global Investment Research

Big Tech Capex Outlook

Big Tech Capex Outlook Big Tech companies are poised for a significant increase in capital expenditures over the next few years, primarily driven by the growing demand for artificial intelligence infrastructure. Image: Alpine Macro

Oil Prices and Consensus Capex

Oil Prices and Consensus Capex Could oil capex cuts lead to supply disruptions? Image: Morgan Stanley Research

S&P 500 Use of Cash and Buybacks

S&P 500 Use of Cash and Buybacks Buybacks and dividends are expected to comprise 43% of cash use in 2024, while Capex and R&D will make up 46% of total cash spending. Image: Goldman Sachs Global Investment Research