Hyperscaler cloud capex declines – but ‘enormous barriers’ remain to reach the top table

The spending of the cloud hyperscalers has come to a comparative halt, according to the latest note from Synergy Research.
The analyst firm found that in the first quarter of 2019 total capex across the largest cloud vendors totalled just over $26 billion, representing a 2% downturn year on year. This excludes Google’s $2.4bn outlay on Manhattan real estate which pushed the Q118 figures even further, and not including...