Sourced ranking of the AI infrastructure build-out

Infrastructure spending dashboard

AI CapEx Tracker

The sourced ranking of the AI infrastructure build-out — combined and AI-attributed capital expenditure for 45 public companies across 8 sectors, with cited figures on every name.

Prices updated Jul 17, 2026, 10:00 PM UTC

Combined capex tracked

$941.5B

Across 45 companies

AI-attributed spend (est.)

$399.5B

42.4% of tracked capex

Top spender

GOOGL

$185.0B

Companies tracked

45

8 sectors

Top 15 by capital expenditure

View all 45 companies →

#CompanyCapexAI capex (est.)Market capDay Δ

1

GOOGLAlphabet Inc.

$185.0B$130.0B$4.19T-2.2%

2

AMZNAmazon.com, Inc.

$130.0B$90.0B$2.69T-2.0%

3

BABAAlibaba Group Holding Limited

$126.9B—$281.6B-0.2%

4

MSFTMicrosoft Corporation

$110.0B$80.0B$2.93T-1.8%

5

METAMeta Platforms, Inc.

$80.0B$64.0B$1.64T-2.8%

6

ORCLOracle Corporation

$55.7B—$364.3B+1.8%

7

TSMTaiwan Semiconductor Manufacturing Company Limited

$45.0B—$2.07T-2.8%

8

TAT&T Inc.

$20.8B—$151.4B-0.8%

9

AAPLApple Inc.

$20.0B$4.0B$4.90T+0.1%

10

CRWVCoreWeave, Inc. Class A Common Stock

$20.0B$20.0B$39.9B+0.4%

11

VZVerizon Communications Inc.

$17.0B—$182.0B-0.7%

12

MUMicron Technology, Inc.

$15.9B—$958.8B-0.5%

13

INTCIntel Corp.

$14.6B—$477.7B-2.0%

14

DDominion Energy, Inc.

$12.6B—$62.5B-0.9%

15

TCEHYTencent Holdings Limited

$12.0B$8.0B$533.4B-3.4%

By sector

🖥️Hyperscalers

Cloud & big-tech buyers

$580.7B

6 companies

🇨🇳Chinese Tech

China's AI buildout

$147.9B

4 companies

🔬Semiconductors

Chips & fab equipment

$88.9B

12 companies

📡Telco

Network infrastructure

$47.8B

3 companies

⚡AI Power & Energy

Powering the data centers

$29.9B

6 companies

🏢Data Centers

REITs & neoclouds

$28.4B

4 companies

🧩Software & Other

Apps & adjacent AI plays

$10.0B

3 companies

🔌Hardware & Networking

Servers, switches, power & cooling

$7.9B

7 companies

Hyperscaler capex trend

GOOGLAMZNMSFTMETAORCLAAPL

AI vs. other (FY2026)

Methodology: total capex reflects reported cash-flow actuals where available and forward estimates aligned to earnings guidance and analyst consensus otherwise. AI-attributed figures are editorial estimates of the AI / data-center share and are not a reported line item. Every figure links to a source on its company page. Estimates are subject to change.