Big Tech set to spend $735B on AI data centers in 2026

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. The industrial winners you’ve never heard of Companies like Vertiv, which specializes in cooling and power management for data centers, sit squarely in the supply chain. Quanta Services handles the electrical infrastructure and grid connections that every new facility requires. Comfort Systems provides HVAC solutions for the climate control demands of compute-dense environments. Fi...