# MSFT stock is moving.

*business · news · 2026-05-01 · Benzinga*

## Key points

- Goldman Sachs raised its 2026 AI capex forecast for major cloud companies by $130 billion in one quarter.
- Cloud companies' 2026 capex is now expected to consume over 90% of their yearly operating cash flow.
- Microsoft guided calendar-year 2026 capex to $190 billion, a 61% jump over 2025, including higher component costs.
- Amazon's trailing twelve-month free cash flow has plunged to $1.2 billion from $25.9 billion a year ago.
- Goldman concludes that hyperscalers can no longer self-fund AI capex, increasing dependence on external financing.

**Companies:** Microsoft, Amazon, Alphabet
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/tech/26/05/52215376/microsoft-amazon-goldman-sounds-alarm-90-cloud-cash-burn)

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