History of Market · The Chronicle of the U.S. Stock Market Magnificent 7
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M7 · Hyperscaler CapEx

M7 · Hyperscaler CapEx — The seven sisters' cash: four are burning, three are returning

AI capex — Where the seven send their cash: compute vs. buybacks.

The M7 is not one trade. Inside the same basket the seven names have split into two opposite paths through the AI cycle. MSFT, GOOGL, AMZN, META are pouring operating cash flow into AI infrastructure. AAPL, NVDA, TSLA each follow a different script — shareholder returns, asset-light fabless, industrial capex. Three views: latest-quarter capex magnitudes, where the latest fiscal year's OCF went, and the FCF/OCF conversion trajectory from pre-AI to today.

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What this page answers

This static page is built to answer searches for M7 · Hyperscaler CapEx. It summarizes the live dataset behind the The seven sisters' cash: four are burning, three are returning panel and links to the full interactive chart.

The M7 is not one trade. Inside the same basket the seven names have split into two opposite paths through the AI cycle. MSFT, GOOGL, AMZN, META are pouring operating cash flow into AI infrastructure. AAPL, NVDA, TSLA each follow a different script — shareholder returns, asset-light fabless, industrial capex. Three views: latest-quarter capex magnitudes, where the latest fiscal year's OCF went, and the FCF/OCF conversion trajectory from pre-AI to today. The data is refreshed by the History of Market pipeline and published as a stable JSON endpoint for research, citation, and AI-agent use.

The plate

M7 · Hyperscaler CapEx — The seven sisters' cash: four are burning, three are returningGOOGL$44.9BAMZN$44.2BMSFT$35.8BMETA$30.1BTSLA$5.8BAAPL$2.5BNVDA$1.8B
Plate VI.7 The M7 is not one trade. Inside the same basket the seven names have split into two opposite paths through the AI cycle. MSFT, GOOGL, AMZN, META are pouring operating cash flow into AI infrastructure. AAPL, NVDA, TSLA each follow a different script — shareholder returns, asset-light fabless, industrial capex. Three views: latest-quarter capex magnitudes, where the latest fiscal year's OCF went, and the FCF/OCF conversion trajectory from pre-AI to today. 2026-08-14

Latest Snapshot

Updated
2026-08-14

Data & Source

GET /api/mag7/ai-capex.json — Canonical dataset endpoint.

Exchange closing prices · Company filings · Robert Shiller · FRED · NBER.

FAQ

Where does this data come from?

History of Market combines public market and macro datasets — exchange closing prices, company filings, Robert Shiller, FRED, NBER, and the UBS Global Investment Returns Yearbook (Dimson–Marsh–Staunton). The exact endpoint for this panel is linked below.

How often is it updated?

Daily-tier datasets refresh after the U.S. market close, with a broader weekly refresh on Sunday. The timestamp shown on this page comes from the JSON payload.

Can I use the data?

Yes, for research and education with attribution to History of Market. Upstream data sources retain their own terms.