The chart of the week contrasts capital expenditures for big tech companies in 2019 vs 2024. In recent years, many of these large tech companies have been ramping up capital expenditures to position themselves for success amongst intense competition to develop the latest and fastest technologies. These companies are making significant investments in advanced data centers and other cloud computing infrastructure in hopes of enhancing AI and machine learning capabilities. The cost of computing has become a key area to watch as investors contend with increased spending on future technologies and impacts on current profits in a time with elevated valuations and earnings expectations.