Apple Skips the AI Capex Race While Hyperscalers Spend 6x-9x More

Apple has become the only Mag7 company to beat a major index year-to-date, as its capex stays below pre-AI-spree levels while the four main hyperscalers raised spending roughly 6x-9x since 2023. Roblox said over 80% of its top 100 games by engagement used AI tools in the past month, with daily asset uploads tripling month-over-month.