Amongst Big Tech, Amazon spends the most on R&D

The 5 Big Tech companies - Amazon, Alphabet (Google), Meta (Facebook), Apple and Microsoft are big spenders on R&D.

Collectively, these 5 companies, spent $229.1 Billion on R&D in the 12 months ending March 31, 2024!

Thats significantly higher than the rest of the 5 companies combined - Nvidia, Broadcom, ASML, Tesla and Costco - collectively, only spent $23.8 Billion on R&D (i.e. almost 1/10th of the Top 5). Infact, Costco doesn't even report its R&D spend.

For more insights and trends on R&D spend, you can view my newsletter post