Evaluation: in 2020, Amazon’s capital expenditure grew 69% YoY to $54B, Microsoft’s grew 14% YoY to $20.6B, and Google’s declined over 5% YoY to $22.3B — It’s time for our annual bulletin to CAPEX obsessives (earlier updates from 2016, 2017, 2018, 2019 in addition to earlier installments).