When the world’s largest tech companies report third-quarter results in a few weeks, how much they spend will be at least as important as how much they make. The enormous, so-called “hyperscale” networks owned by Alphabet Inc.’s Google, Amazon.com, Microsoft and Facebook demand a staggering amount of capital expenditures. That spending is now an important revenue stream for a long list of other tech companies that supply key components such as chips, software and networking gear.

Source: Wall Street Journal September 28, 2018 09:56 UTC