Dan Ives Forecasts 25% Drop In Capital Raises for MSFT, META, GOOGL, AMZN as 2027 CapEx Peak Sets Up…

Benzinga · Rishabh Mishra · 2026-11-06 09:28 UTC

Dan Ives forecasts a 2027 capex peak and 25% drop in capital raises for MSFT, META, GOOGL & AMZN, sparking a massive FCF ramp by 2029.

Yorkville Ives Partner and Senior Managing Director Dan Ives projects a roughly 25% decrease in capital raises for Microsoft Corp. (NASDAQ:MSFT), Meta Platforms Inc. (NASDAQ:META), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), and Amazon.com Inc. (NASDAQ:AMZN) over the next year, coinciding with a forecasted peak in capital expenditure growth in 2027. Ives anticipates this revised timeline will ultimately trigger a “massive FCF ramp” for these companies between 2029 and 2030.

Capex Growth and Capital Raises

Ives, a Wall Street technology analyst of over 25 years, stated that the capital expenditure growth rate for Big Tech companies will now peak in 2027. He noted this represents a shift, putting the new timeline against his “previous view that would not happen until 2028/2029.”

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