Capital expenditure plans are accelerating as companies race to build the infrastructure behind the next wave...

Capital expenditure plans are accelerating as companies race to build the infrastructure behind the next wave of models and platforms.

Amazon leads the pack with a forecasted $200B in 2026 capex, up +60% YoY, largely tied to data centers and cloud expansion. Google follows with $180B, nearly doubling spending at +97% YoY.

Meta is close behind at $125B, up +73%, signaling long term bets on AI driven engagement and ads. Microsoft plans $117.5B, a +41% increase that reinforces its enterprise AI push.

Tesla shows the fastest growth at +135% to $20B, while Apple remains cautious at $13B with just +2% growth. The AI arms race is clearly uneven, but the direction is clear.