Major Big Tech firms, including Alphabet and Microsoft, reported significant capital expenditures in their Q3 2025 earnings, demonstrating substantial investments in AI and cloud infrastructure.
These investments signal potential benefits for the cryptocurrency sector, particularly with increased usage of Ethereum and Layer 2 solutions amid rising demand for cloud services supporting DeFi and NFTs.
Major Big Tech companies including Alphabet and Microsoft report surges in capital expenditures, primarily in AI and cloud. Investment confidence remains high as expressed in company earnings calls. Sundar Pichai and Satya Nadella highlighted investments in foundational technologies. This signals a shift that could influence digital infrastructure and associated Web3 technologies.
If Big Tech is ramping up capex for AI and cloud, expect downstream effects on crypto infra tokens. It's a backdrop for growth. - Arthur Hayes, Co-founder, BitMEX
Impact on Crypto Supportive Infrastructure
Reported surges in capex from Big Tech are impacting cloud services, which support crucial elements of the crypto ecosystem. Tokens such as ETH and Layer 2 assets are potentially benefiting from this foundational shift. Historically, such spend cycles correlate with increases in on-chain metrics. Big Tech's AI and cloud investments indicate a positive trend for crypto assets, especially ETH and L2 coins.
Past Big Tech CapEx surges have coincided with periods of heightened activity in the crypto space. Similar patterns are anticipated as infrastructure supports DeFi and NFT growth. Experts suggest rising capex in AI and cloud could facilitate growth across digital assets, with Ethereum-based technologies likely gaining from enhanced infrastructure capabilities.