Invest Like the Best with Patrick O'Shaughnessy · Tuesday, August 4, 2026
Gavin Baker points to accelerated operating cash flow from major hyperscalers like Microsoft, Meta, and Amazon in the recent quarter. He notes that even after accounting for unusual items, there was a material increase in cash flow.
“If we look at operating cash flow, not free cash flow, operating cash flow from Microsoft, Meta, and Amazon has reported accelerated from 28 to 32.”
“If you just from that, we went from 28 to 35, and that's that's a material acceleration at this scale.”