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Over the last 5 years, $Meta Platforms (META.US)$ and $Alpha...

Over the last 5 years, $Meta Platforms (META.US)$ and $Alphabet-C (GOOG.US)$ capex doubled whereas $Microsoft (MSFT.US)$ and $Amazon (AMZN.US)$ capex became ~3-4x during the same time.
Despite such massive increase in capital intensity, all of their ROIC are HIGHER today than it was 5 years ago!
Over the last 5 years, $Meta Platforms (META.US)$ and $Alphabet-C (GOOG.US)$ capex doubled whereas $Microsoft (MSFT.US)$ and $Amazon (AMZN.US)$ capex became ~3-...
Over the last 5 years, $Meta Platforms (META.US)$ and $Alphabet-C (GOOG.US)$ capex doubled whereas $Microsoft (MSFT.US)$ and $Amazon (AMZN.US)$ capex became ~3-...
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