Bank of America Raises Capital Expenditure Expectations for Alphabet, Meta, and AWS

Bank of America predicts an overall upward revision of capital expenditure expectations for Alphabet, Meta, and AWS from 2026 to 2027. The capital expenditure expectation for Alphabet in 2026 has been raised from $187 billion to $195 billion, and for 2027, it has been increased from $257 billion to $290 billion. Meta's expectations for 2026 have been adjusted from $130 billion to $145 billion, and for 2027, from $157 billion to $185 billion. AWS maintains its 2026 expectation at $159 billion, while for 2027, it has been raised from $196 billion to $230 billion.