LIVE·29 companies tracked·Updated Mar 2026

The definitive dataset tracking AI infrastructure spend.

29 companies. 3 years of CAPEX history. Public disclosures + verified private estimates — structured, sourced, and updated weekly. $442B+ guided for 2026 alone.

Weekly AI CAPEX Brief — one original insight, every Monday.

FY2026 Guided
$442B+
+4% vs 2025
FY2025 Actual
$494B
tracked spend
Companies Tracked
29
Public + private
Tracked Mkt Cap
Public companies
FY2026 Guidance — Top 4
CAPEX Trend — Quarterly

Mag7 combined · trailing 8 quarters · USD billions

Amazon
Microsoft
Alphabet
Meta
Nvidia
Apple
Tesla
Baidu
Alibaba
Tencent
TSMC
Samsung
SK Hynix
ASML
SoftBank
NTT Group
ARM
Naver
Reliance Jio
FY2026 Guidance Tracker

Announced CAPEX guidance vs actual spend. The delta is where the signal is.

CompanyPeriodGuidedActual to DateProgressStatus
AppleAAPL
US infra 4yr$500.0B
On Track
AmazonAMZN
FY2027$130.0B$140.0B
Pending
AmazonAMZN
FY2026$115.0B$120.0B
On Track
OpenAI
Stargate Phase 1$100.0B$19.0B
19%
On Track
SoftBank9984.T
Stargate (co-lead, 4yr)$100.0B
On Track
Humain
Multi-year$100.0B
On Track
MicrosoftMSFT
FY2027$90.0B$100.0B
Pending
MicrosoftMSFT
FY2026$85.0B$90.0B
On Track
AlphabetGOOGL
FY2027$85.0B$95.0B
Pending
AlphabetGOOGL
FY2026$75.0B$80.0B
On Track
MetaMETA
FY2027$70.0B$80.0B
Pending
MetaMETA
FY2026$60.0B$65.0B
On Track
AlibabaBABA
FY2025-2027 (3yr AI Cloud)$53.0B
On Track
TSMCTSM
FY2027$48.0B$55.0B
Pending
TSMCTSM
FY2026$42.0B$48.0B
On Track
Samsung005930.KS
FY2026$38.0B$42.0B
On Track
ByteDance
FY2024 (estimated)$20.0B
Completed
Reliance JioRELIANCE.NS
Multi-year (2GW target)$20.0B
On Track
SK Hynix000660.KS
FY2026$17.0B$20.0B
On Track
TeslaTSLA
FY2026$10.0B$12.0B
On Track

* Partial actuals based on most recent quarterly filings. Full-year actual will be updated upon 10-K release.

Revenue Run Rate
ARR

Annualized revenue run rates for private AI companies. Source: Bloomberg, The Information.

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