The four major U.S. AI giants are waving their checkbooks. Analysts: The supply chain faces "comprehensive bottlenecks."

Golden Finance reports that on April 30th, $725 billion — this is the total capex limit for the four tech giants Google, Microsoft, Meta, and Amazon this year.
Behind the “aggressive acceleration” in capital expenditure, each giant has to face hardware infrastructure constraints and rising costs: Microsoft stated that out of $190 billion in capital expenditure, $25 billion is used to cope with component price increases; Google said that this quarter’s capital spending is $35.7 billion, including real estate, servers, data centers, and other infrastructure; Meta attributes the increase in capital expenditure to higher hardware component prices this year and the additional data center costs needed to support future capacity.
Jefferies technology analyst said, “What we see are all-around bottlenecks. Those large-scale cloud service providers either need to wait or have to pay higher costs to get in. This is good for the ‘shovel sellers,’ but not favorable for companies that need to integrate all links.” (Dongxin News)