2025’s Monster AI expenditure is now being unveiled

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With the last of the hyperscalers who have reported quarterly results, the market now has a full prospect of the coming year of the largest players in AI next to Nvidia (NVDA).

Investors had wondered whether the prospect of potentially “affordable” AI of Deepseek would undermine the story that those hyperscalers alphabet, Microsoft, Meta and Amazon- were unique positioned for a great victory by unleashing a great victory- investments in the new one Breaking technology.

We started this week, we had an answer.

Meta (Meta) almost doubled his expenses and Microsoft (MSFT) took his $ 56 billion from last year to $ 80 billion. On Tuesday, Alphabet (Goog, Googl) posted $ 75 billion on the board.

And now, as our graph of the week shows, Amazon (AMZN) stepped in to hit 12 digits with $ 105 billion. Add the AI ​​messages of the Big Four and you get $ 325 billion, an increase of 46% compared to last year.

It is clear that these companies remain all-in. And if you listen to the companies, they do not build “field of dreams” in the hope that the question will come – companies say they see the question.

“The vast majority of those Capex spending is up to AWS for AWS,” said Amazon CEO Andy Jassy about the company’s profit call and noted that “we do not purchase it unless we see important signals of question.”

Still, how much of this investment actually earns money, the big question to answer this year – and how Cagey -EXECs are around that question can be an answer in itself. But as Jassy put it, these are investments for a “unique” chance, and one that will make shareholders happy in the long term.

Which is good enough for Wall Street for the time being.

Ethan Wolff-mann is a senior editor at Yahoo Finance, who runs newsletters. Follow him on X @ewolffmann.