Big Six* Generating Loads of Cash = +263% Growth in Free Cash Flow Over Ten Years to $389B… 113 *Note: Big Six USA technology companies include Apple, Nvidia, Microsoft, Alphabet / Google, Amazon, & Meta Platforms / Facebook. FCF calculated as cash flow from operations less capex to standardize definitions, as only some companies subtract finance leases and Amazon adjusts FCF for gains on sale of equipment. FCF shown for Amazon, not AWS, as figures are not broken out in company financials. Source: Capital IQ (3/25) $0 $50 $100 Apple NVIDIA Microsoft Google Amazon Meta 2014 2019 2024 Free Cash Flow, $B Tech Big Six (USA) = Loaded With Cash to Spend on AI & CapEx Big Six* Public Technology Companies – Free Cash Flow ($B) – 2014-2024, per Capital IQ