Research Tools
AI hyperscaler spending tracker
Capital expenditure is the cash the cloud giants pour into data centres, chips and power. It's the demand behind the whole AI trade.
Big 4 — 2026 guidance
$730B
Big 4 — 2027 forecast
$934.5B (+28%)
2026 final guide2027 forecast
Alphabet
Cash capex
$195–205B
$284.8B (+42%)
Amazon
Cash capex
~$220B
$256.5B (+17%)
Microsoft
Incl. finance leases
~$170B
$207.6B (+22%)
Meta
Incl. finance leases
$135–145B
$185.6B (+33%)
Oracle
Fiscal year guide
$90–95B (FY27, Jun 26–May 27)
No consensus yet
US$ billions, from company filings and earnings calls; 2026 figures are each company's guidance after its Q3 2026 report. 2027 figures are Wall Street consensus estimates, not company guidance — none has given a 2027 number yet; expect updates on the Q4 calls. Last updated 9 November 2026. For education only.