Good morning. Another day, another dizzying number from a tech company in the race to win the AI data center buildout. On Thursday it was Amazon’s turn, with the grandaddy of cloud services disclosing plans to spend $200 billion in capital expenditures this year—about $50 billion more than analysts were expecting and up from the $132 billion it spent in 2025.
Only 24 hours earlier, Alphabet had said it would double its capex this year to between $175 billion and $185 billion. And Meta did the same a week earlier. Between the three companies, the combined capital spending budgeted for this year now stands at roughly half a trillion dollars! Add in Microsoft—which has not given a specific capex forecast but which spent $100 billion over the past twelve months—and the sum is all the more astounding.
Today’s news below.
Alexei Oreskovic@lexnfxalexei.oreskovic@fortune.com
Want to send thoughts or suggestions to Fortune Tech? Drop a line here.
