Hyperscaler AI capital expenditure
Microsoft, Alphabet, Amazon, and Meta aggregate capital expenditure.
MicrosoftAlphabetAmazonMeta
Description
This module isolates hyperscaler capital expenditure because it is the clearest infrastructure signal for AI scale.
Methodology
The chart stacks annual capital expenditure for Microsoft, Alphabet, Amazon, and Meta, with 2026 as guidance.
Data
All chart files for this module are local to this research folder.
Sources
- Microsoft investor relations Annual reports and earnings guidance.
- Alphabet investor relations Annual reports and capex disclosure.
- Amazon investor relations Annual reports and capex disclosure.
- Meta investor relations Annual reports and capex guidance.
Limitations
Capex is not all AI-specific, though AI infrastructure is a major driver in the period shown. Guidance can change.