Key points
Hyperscalers' cash flows and capex, 2021-2030 ｜ Operating cash flow is expected to climb from $600bn in 2025 to $2trn by 2030, while free cash flow lags
Image source: @dailychartbook
2026-09-23
Consensus Sees Hyperscaler Operating Cash Flow Tripling From $600B in 2025 to $2T by 2030