Research library
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Source-linked company profiles that preserve each issuer's accounting definition instead of treating every infrastructure dollar as AI spend.
MSFT · About $175B guidance
Microsoft guides to about $175 billion of calendar-2026 capital expenditure, per CFO Amy Hood on the July 29, 2026 fiscal Q4 call. That is down from about $190 billion only because more data-center leases became operating leases, which capex excludes. Fiscal Q4 capex (April–June 2026) was $41 billion, including $5.6 billion of finance leases.
Open company profileAMZN · About $220B guidance
Amazon expects about $220 billion of companywide cash capital expenditure in 2026, raised on July 30, 2026 from about $200 billion, mainly on memory costs. It covers AWS and AI plus fulfillment, robotics and satellites. Cash property purchases were $98.4 billion in the first half (Forms 10-Q), about 45% of the plan.
Open company profileGOOGL · $195B–$205B guidance
Alphabet guides to $195 billion–$205 billion of 2026 capital expenditure, raised on its July 22, 2026 Q2 call from $180 billion–$190 billion. That is roughly double 2025's $91.4 billion at the midpoint. Q2 2026 capex was $44.9 billion, about 60% servers and 40% data centers and networking, after $35.7 billion in Q1.
Open company profileMETA · $130B–$145B guidance
Meta guides to $130 billion–$145 billion of 2026 capital expenditure, including finance-lease principal, after raising the low end from $125 billion in its July 29, 2026 Q2 results. Reported capex was $19.84 billion in Q1 and $31.08 billion in Q2, so first-half spending of $50.92 billion equals 35%–39% of the full-year range.
Open company profileAI infrastructure decision system
Start with the spending envelope, preserve the accounting differences, locate the physical bottleneck, and test whether the new capacity is producing a return. Each page answers a different investment question.
Reviewed 2026-10-06
Big Tech plans $720B–$745B of 2026 capex. Alphabet alone guides to $195B–$205B, up from $91.4B in 2025. Here's each company's number and spend so far.
Open the researchReviewed 2026-10-06
Big Tech's 2025 capex hit 1.22% of US GDP, the telecom bubble's peak share. Free cash flow is down 35% since 2024, and three of the four have nearly tripled their debt.
Open the researchReviewed 2026-09-30
Microsoft reported $31.9B of capex but $30.9B of cash spent in one quarter. Why Big Tech's AI budgets don't compare, and how to line them up.
Open the researchReviewed 2026-09-30
Meta spent $31.08B on capex in Q2 and kept $784M of free cash flow. Five tests for whether Big Tech's AI spending is actually paying off.
Open the researchReviewed 2026-09-30
Hyperscalers have $720B-$745B of capex to deploy, but the slowest part sets the pace. Tracking power, HBM, packaging, networks and construction.
Open the researchReviewed 2026-09-30
Microsoft, Amazon, Alphabet and Meta plan $720B-$745B of 2026 capex. Where that money flows, from chips to power, and who keeps the profit.
Open the researchOpen data · reviewed 2026-10-06
Microsoft, Amazon, Alphabet, and Meta 2026 guidance and reported quarterly spend in CSV or JSON, with a field dictionary, sources, and limitations intact.
Get the dataOracle guides to $90B–$95B of fiscal 2027 capex on at least $90B of revenue. It spent $28.5B in one quarter. Every guidance change, the backlog and the borrowing behind it.
Read the researchUS data center construction hit an $85.0B annual rate in August 2026, up 73% in a year. It has passed offices, warehouses and chip factories. Monthly Census data since 2014.
Read the researchCoreWeave guides to $35B–$39B of 2026 capex on $12.4B–$13.2B of revenue, about $3 of building for every $1 of sales. The guidance changes, the backlog, the debt and who the customers are.
Read the researchThree senators made 72% of all disclosed Senate stock trades since January 2025, and one report accounts for 93% of the trades filed after 45 days.
Read the research22 of the 39 trades Nancy Pelosi disclosed since December 2024 involved call options. Her household's full holdings, every trade, and how they did against the S&P 500.
Read the researchStock Advisor sends 2 picks a month for $199 a year. Epic sends 7 for $499. Over five years, Epic adds up to about 420 recommendations. How the plans compare, and how to choose from the list.
Read the researchAnalysts expect Alphabet, Amazon, Microsoft and Meta to spend about $935B on capex in 2027. None has given a number yet. Here's what each said, and the math.
Read the researchMicrosoft's net income rose 31% last year while its free cash flow fell 6%. Both facts sit in the same 10-K. The sections to read, in order, and what to check.
Read the researchWe priced every disclosed congressional stock purchase since June 2024. Copied on the filing date, the typical buy trailed the S&P 500 by 3.5 points over six months.
Read the researchBurry says Big Tech will understate depreciation by $176 billion through 2028. The filings back his direction, Amazon's reversal is the tell, and his number is plausible only if AI servers last 3–4 years.
Read the researchYou can research a stock properly for $0. We priced 12 research sites on 2 October 2026 and sorted them by the job they do best, from free filings and screeners to paid picks and independent research.
Read the researchThe STOCK Act doesn't ban congressional stock trading, and a late filing usually costs $200. H.R. 7008, the ban bill, passed the House 232-198, not the Senate.
Read the researchNANC copies Democrats' disclosed stock trades, GOP (formerly KRUZ) copies Republicans'. Both trade up to 45 days late, and their own prospectus says so.
Read the researchMembers of Congress get up to 45 days to report a trade, so no tracker is real time. How Capitol Trades, Quiver and Unusual Whales compare on lag and price.
Read the researchBuy at $100, collect a $5 dividend, sell at $90: a 5% yield and a -5% total return. Why yield alone can hide a losing investment.
Read the researchIn one Fed study, only 5 of 11 successful inflation fights ended in a soft landing. What separates a soft landing from a hard one, and what to watch.
Read the researchCongress trade filings can land 45 days after the trade and show ranges like $1,001–$15,000, not dollars. How to read each field and check a tracker row.
Read the researchGICS sorts stocks into 163 sub-industries under just 11 sectors. How to look up a stock's sector, and why websites often disagree.
Read the researchAn HBM stack can hold 12 memory dies, and one bad layer can scrap it. Why wafer starts overstate AI memory supply, and where output really bottlenecks.
Read the researchThe euro makes up 57.6% of DXY, and Mexico and China aren't in it at all. Here's when to use DXY and when the Fed's broad dollar index fits better.
Read the researchSell €100 million in Europe, report $10 million less when the euro slips from $1.10 to $1.00. How the dollar index reaches stocks, and when it doesn't.
Read the researchNVIDIA's H200 moves 4.8 TB of data a second through its HBM. What high-bandwidth memory is, why AI chips starve without it, and what investors should watch.
Read the researchBroadcom's AI chip revenue hit $10.8B in a quarter, up 143%. Custom silicon is already big business. Where it beats GPUs on cost, and where GPUs still win.
Read the researchA data center can be built in 1-3 years. The grid upgrade it needs can take 5-15. Why AI's power problem is connection, not generation, and what to track.
Read the researchBig Tech spent $131.6B on infrastructure in Q1 but booked just $34.0B of depreciation. Why AI's cost hits cash flow long before it hits earnings.
Read the researchGE Vernova booked more data-center orders in one quarter than in all of 2025. How AI spending now moves power prices, trade, inflation and credit.
Read the researchA great company can be a bad buy if the price assumes too much. A 7-question checklist using the 10-K, the 10-Q and a one-sentence thesis you can test.
Read the researchThe research stays open. Members get the monthly flagship, the weekly checkpoint, and the evidence that would break the call. $39/month or $249/year.
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