Open dataset · 2026
AI capex, stripped of false precision.
- Companies
- 4
- MSFT · AMZN · GOOGL · META
- Guidance low
- $695B
- Guidance high
- $720B
- Reviewed
- 2026-08-10
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What the total means
This is a capital-spending envelope, not an audited AI-only total. Amazon is companywide, Meta includes finance-lease principal, Microsoft uses calendar guidance across a June fiscal year, and none of the four isolates every AI dollar.
See how to normalize the numbers →| Company | 2026 guidance | Latest signal | Primary comparison limit | Sources |
|---|---|---|---|---|
| Microsoft MSFT | About $190B Calendar 2026 | $31.9B Roughly two-thirds short-lived assets, primarily GPUs and CPUs | The company does not disclose a standalone audited AI-capex figure. | |
| Amazon AMZN | About $200B Calendar 2026 | $66.1B Year-over-year increase in trailing property-and-equipment purchases, net of incentives | The $200 billion plan is companywide and cannot be treated as pure AI or AWS capex. | |
| Alphabet GOOGL | $175B–$185B Calendar 2026 | $91.4B About 60% servers and 40% data centers and networking | Alphabet does not publish a clean AI-only capital-expenditure measure. | |
| Meta META | $130B–$145B Calendar 2026 | $31.08B Includes principal payments on finance leases | The capex outlook includes infrastructure used across Meta's core business and research, not only generative AI. |
Method and update policy
Yield Theory records the latest explicit annual guidance from each company, preserves its accounting scope, and links the primary earnings or investor-relations source. We update the dataset after a material guidance change rather than manufacturing a daily estimate from market commentary.
Read the research methodology →What this dataset cannot tell you
- It does not isolate a comparable audited AI-only capex line.
- It does not predict a supplier's revenue from the spending total.
- It does not prove the new capacity will reach profitable utilization.
- It does not replace current company filings or personalized advice.
The dataset shows where the money goes. We make the investment call.
Members get the companies, catalysts, risks, and written breakpoints that turn the capex cycle into a portfolio thesis.
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