#3 · Cloud Capex QoQ
Latest
-65.38%
Min
-65.38%
Max
28.94%
Data points
20
Creator threshold
Creator: when absolute capex still hits records but QoQ growth goes flat/negative, exit even on a strong print.
Historical state distribution2021-09-30 → 2026-06-30
| Triggered | 5 | 25.0% |
| Warning | 3 | 15.0% |
| Not triggered | 12 | 60.0% |
Combined quarter-over-quarter growth of hyperscaler capex (MSFT, AMZN, GOOGL, META). The tell is the second derivative: absolute capex can keep setting records while its growth rate stalls — meaning the "incremental demand" priced into valuations has evaporated.
FMP · cash-flow (MSFT/AMZN/GOOGL/META)