AI hyperscalers are expected to finish the year spending a whopping $828 billion on capex
Source: Business Insider ·
Amazon, Alphabet, Meta, Microsoft, and SpaceX each reported increased capex for Q3, with no signs of slowing down for 2027 amid the AI buildout.
From the source
Amazon, Alphabet, and Microsoft were among the top spenders in 2026 amid the race to build out AI infrastructure.Getty ImagesAmazon, Alphabet, Meta, Microsoft, and SpaceX all reported increased capex spending for Q3.There's no sign of slowing down, as company executives pledge to increase spending in 2027.Total spend for 2026 is forecast to be between $803B and $828B.The hyperscalers are investing big to build out the physical backbone of the AI economy, and there's little sign of it slowing down.Amazon, Alphabet, Meta, Microsoft, and SpaceX each reported a jump in capital expenditures in their latest earnings reports and are on track to spend between $803 billion and $828 billion this calendar year based on their guidance and disclosed fourth-quarter plans.That figure covers broad capital spending, not just on AI. However, executives at each company have consistently pointed to AI infrastructure as the main driver in the spending surge. And they've all indicated that they plan to…