The four largest hyperscalers are on track to collectively spend roughly $735 billion on AI data center infrastructure in 2026 alone.
Goldman Sachs estimates global capital expenditure on AI infrastructure could approach $1 trillion this year. The US share of that figure sits in the $630 billion to $745 billion range, with Big Tech accounting for the lion’s share.
Who’s writing the biggest checks
Amazon leads the pack with plans to deploy around $200 billion in capital spending. Alphabet isn’t far behind, targeting between $175 billion and $205 billion. Microsoft is expected to exceed $120 billion. Meta, which had previously guided toward $70 billion, has ratcheted its ambitions significantly higher.
Cumulatively, the top four hyperscalers will have spent north of $1 trillion since 2023 on this buildout.
