How the ‘funniest chart in tech right now’ shows how almost all analysts were ‘very wrong’ on Apple
A chart from A16Z titled “Apple on Capex: ‘Nah, we’re good’” might be the most humbling visual Wall Street has seen in a while. Sourced from FactSet data as of February 9, 2026, it shows Apple’s quarterly capex sitting nearly flat since 2016—down 19% year-over-year—while Amazon (+42%), Microsoft (+89%), Alphabet (+95%), and Meta (+48%) have…