X @Anthony Pompliano 🌪

Industry Dynamics - Big Tech's artificial intelligence spending has surpassed their cash generation capabilities [1] - Capital expenditures for Microsoft, Alphabet, Amazon, and Meta increased from $150 billion in 2022 to $358 billion in 2025 [1] - The funding gap between capital expenditures and cash flow is projected to become more extreme [1] Financial Performance - Free cash flow for the major technology companies fell by 15% to $199 billion over the same period [1]