business / news / / Benzinga
MSFT stock is moving.
Goldman Sachs raised its 2026 AI capex forecast for major cloud companies by $130 billion in one quarter.
KEY POINTS
- 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
Summarized by Newsio from Benzinga. How we summarize →