AI remaining an important theme in tech earnings this week, the

heavyweights all talking up their investments in AI.

And of course that ends up pointing to one company is a clear beneficiary and that is the focus of today's tech check with Deirdreboza.

So David, AI mentions on earnings call very last quarter.

This quarter if you really want to know who

was spending to take advantage of the boom look for mentions of cappex between the

three mega caps that reported this week with a collective market cap of five trillion dollars

cappex was mentioned 37 times and so the biggest earnings winner of the week

arguably a company that didn't even report but was referenced by every tech giant that did and

that is of course in video cap-X or capital expenditures those are the big

purchases that a company makes to position itself for the future in the case of

big tech much of that is cloud

infrastructure giving it the compute power to run technology in the age of AI, especially

generative AI, that is less traditional server chips more advanced

g p. that shift was crystal clear this quarter.

Microsoft on the earnings call said we expect cappex to increase

sequentially on a dollar basis driven by investments in our AI infrastructure.

Google, we expect elevated levels of investment in our technical infrastructure increasing.

The primary driver support the opportunities we see in AI.

Finally, Meta, a major budget point that we're working through is what the right level of AI

CAPEX is to support our roadmap.

On the losing side of that shift and there always is a

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