AI Investing

Amazon CapEx 2026: Why Free Cash Flow Turned Negative

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Amazon CapEx analysis showing the path from AWS and AI investment to depreciation, operating cash flow, and free cash flow

Amazon CapEx has become one of the most important numbers for investors trying to understand the economics of the company’s AI buildout. AWS is growing rapidly, but serving that demand requires Amazon (NASDAQ: AMZN) to commit enormous amounts of cash to data centers, servers, networking equipment, power infrastructure, and other computing assets before those investments … Read more

Microsoft Free Cash Flow: How AI Capex Changed FCF in FY2026

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microsoft-free-cash-flow-ai-capex-fy2026

Microsoft’s AI spending is showing up in more than revenue growth. In fiscal 2026, the company generated substantially more cash from operations, but it also spent far more cash on property and equipment as it expanded the infrastructure behind Azure and AI services. That combination makes Microsoft free cash flow especially useful to watch. Revenue … Read more