Declines or growth slowdowns in US big tech capital expenditure are an inevitable trend

English summary

### Declines or growth slowdowns in US big tech capital expenditure are an inevitable trend Time: 2026-07-30 11:01:48 Content: Let's first look at Microsoft: FY2026 capital expenditure: approximately $190 billion. FY2027 capital expenditure guidance: approximately $175 billion, a clear decline, but market reaction: this "downward revision" eased market concerns about excessive AI investment burning cash, and the stock rose more than 8% in after-hours trading after the earnings release. Completely negative for hardware; declines or growth slowdowns in capital expenditure are an inevitable trend. Let's first look at Microsoft: FY2026 capital expenditure: approximately $190 billion. FY2027 capital expenditure guidance: approximately $175 billion, a clear decline, but market reaction: this "downward revision" eased market concerns about excessive AI investment burning cash, and the stock rose more than 8% in after-hours trading after the earnings release. Completely negative for hardware; declines or growth slowdowns in capital expenditure are an inevitable trend. Let's first look at Microsoft: FY2026 capital expenditure: approximately $190 billion. …