It's often said that to make money, you have to spend money. 

The world's biggest tech companies have clearly gotten that memo. Aggregate spending for 2018 among the 10 largest tech companies is approaching $100 billion each for capital expenditures and R&D, according to new research from Jefferies. Capital expenditure commitments and R&D outlays are seen rising 47% and 24%, respectively, this year. The biggest spenders, which should come as no surprise, are Amazon (AMZN) , Alphabet (GOOGL) and Facebook (FB) .

"We view their outsized investments as positive in extending their leadership for years to come," says Jefferies analyst Brent Thill of the spending plans of the big three tech names. 

Big-tech is spending big time.
Big-tech is spending big time.

Data Look

  • Amazon is the biggest spender for both capex ($28 billion) and R&D ($26 billion). 
  • Alphabet is number two on the list, with capex of $23 billion and R&D of $21 billion.
  • Facebook's $15 billion in capex spending is similar in size to Apple (AAPL) , points out Thill.

Beneficienies

With big tech opening up their wallets like never before, the semiconductor space -- aka big-tech's supply chain -- are seen as winners. Some top winners according to Thill:

Amazon, Apple, Alphabet, Nvidia and Facebook are holdings in Jim Cramer's Action Alerts PLUS.

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