全球科技-“落袋为安”：1.3 万亿美元及更多可支配资金-Global Tech_ Cash me if you can_ USD1.3trn and more to spend

26 March 2026 Global Tech Equities Cash me if you can: USD1.3trn and more to spend United States How to spend USD1.3trn? Big Tech knows the answer We analyse the use of USD1.3trn in operating cash flows (exhibit 1) from the seven Big Tech names ("Tech-7") amongst the largest companies in the world: GOOGL, AMZN, AAPL, META, MSFT, NVDA, and ORCL. In 2026 we expect a higher proportion (exhibit 2) to go towards capex and investments (62% vs 52% in 2025) and a lower proportion to shareholders (22% vs 30%). But k ...