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AI capex tracker

AI capex tracker · updated 31 Oct 2026

$879bn

14 companies building AI infrastructure spent $879bn on capex (capital expenditure: data centres, chips, servers and buildings) over the 12 months to their latest results.

The five US hyperscalers account for $691bn of it, almost double the $357bn of a year earlier. These totals are all of each company’s capex, not just the part for AI.

US hyperscalersChinese techChipsNeocloudsAI labConsumer tech

Each point is the total spent in the 12 months to that quarter, US$. Part of the rise is companies joining the chart once we have a full year of their figures: Tencent and CoreWeave in 2024, Nebius in 2025 and xAI in late 2025. Companies yet to report Q3 2026 are shown at their latest 12 months.

$230bnspent by the five US hyperscalers in Q3 2026 alone, 2.2× a year earlier
$498–704bnour estimate of how much of the $879bn is for AI
11 of 14companies set a quarterly record in their latest results

Amazon is now outspending everyone

Amazon spent $215bn in the last 12 months, $55.4bn more than Alphabet. Switch the period or filter by sector.

US hyperscalerstotal $691bn
Amazon$215bn
Alfabet$160bn
Microsoft$136bn
Meta$104bn
Oracle$75.7bnto Aug
Chinese techtotal $42.0bn
Alibaba$21.8bnto Jun
Tencent$17.0bnto Jun
Baidu$3.3bnto Jun
Chipstotal $59.5bn
TSMC$52.2bn
NVIDIA$7.4bnto Jul
Neocloudstotal $31.7bn
CoreWeave$20.6bnto Jun
Nebius$11.1bnto Jun
AI lab
xAI$44.6bn
Consumer tech
Appel$10.0bnto Jun

Capex, US$. 12-month periods end September 2026 unless marked. Renminbi converted at Fed average rates; Taiwan dollars at TSMC’s own rate. xAI is SpaceX’s SI segment, which also includes X and, since Q3 2026, Cursor. Calendar years show only companies with all four quarters.

The big five have doubled their spending in a year

Their combined capex in Q3 2026 was $230bn, 2.2× a year earlier. Pick up to six companies to compare; tap the chart for values.

Capex, US$, by calendar quarter.

Between $498bn and $704bn of it is for AI

No company splits out AI spending. Slide between the low and high ends of our estimates.

$601bn

Solid: estimated AI capex. Pale: the rest of each company’s capex. Methods by company are under Data and methods.

Every company but Apple is spending more than a year ago

Capex, US$, in Q3 2026 unless marked. Tap a heading to sort; filter by sector or name.

US hyperscalers
Amazon$77.3bn+120%27%45–70%
Alfabet$51.4bn+114%34%60–85%
Microsoft$39.4bn+103%39%55–75%
Meta$33.9bn+80%43%60–85%
Oracle$28.5bn+235%105%60–90%
Chinese tech
AlibabaQ2 2026$9.9bn+86%15%70–90%
TencentQ2 2026$7.8bn+194%15%60–85%
BaiduQ2 2026$1.7bn+219%18%50–80%
Chips
TSMC$13.9bn+44%33%50–75%
NVIDIAQ2 2026$2.7bn+41%2%20–50%
Neoclouds
CoreWeaveQ2 2026$6.4bn+162%271%90–100%
NebiusQ2 2026$5.7bn+1,008%822%90–100%
AI lab
xAI$16.4bn+245%-85–100%
Consumer tech
AppelQ2 2026$2.5bn−29%2%10–30%

AI share is our estimate; no company discloses one. Applied to the $879bn total, it implies $498bn–$704bn of AI capex.

11 of 14 hit a record in their latest quarter

Quarterly capex, US$, Q1 2023 to Q3 2026. Each chart has its own scale. Tap a bar for its value.

Amazon
$77.3bn in Q3 2026
20232026
Alfabet
$51.4bn in Q3 2026
20232026
Microsoft
$39.4bn in Q3 2026
20232026
Meta
$33.9bn in Q3 2026
20232026
Oracle
$28.5bn in Q3 2026
20232026
Alibaba
$9.9bn in Q2 2026
20232026
Tencent
$7.8bn in Q2 2026
20232026
Baidu
$1.7bn in Q2 2026
20232026
TSMC
$13.9bn in Q3 2026
20232026
NVIDIA
$2.7bn in Q2 2026
20232026
CoreWeave
$6.4bn in Q2 2026
20232026
Nebius
$5.7bn in Q2 2026
20232026
xAI
$16.4bn in Q3 2026
20232026
Appel
$2.5bn in Q2 2026
20232026

And every 2026 plan points higher still

What each company has told investors it expects to spend in 2026, against what it spent in the last 12 months. Each uses its own definition of spending.

Their 2026 plans, in their own words
  • Amazon2026: about $220bn
    net of proceeds and incentives
    We continue to expect 2026 cash capital expenditures to be approximately $220 billion.Amazon earnings release, 29 Oct 2026 · source
  • Alfabet2026: $195–205bn

    Alphabet said its 2026 plan of $195bn to $205bn was unchanged. This is taken from an automatic transcript of the webcast audio; the exact wording is not yet confirmed.

    Anat Ashkenazi, CFO, earnings call, 28 Oct 2026 · source
  • Microsoft2026: about $170bn
    includes finance leases
    … for the calendar year, spend should be approximately $170 billion …Amy Hood, CFO, earnings call, 28 Oct 2026 · source
  • Meta2026: $135–145bn
    includes finance-lease principal payments
    We anticipate 2026 capital expenditures, including principal payments on finance leases, to be in the range of $135-145 billion …Meta earnings release, 21 Oct 2026 · source
  • TSMC2026: $60–64bn
    … we reiterate our full year 2026 capital budget to be between USD60 billion and USD64 billion.Wendell Huang, CFO, earnings call, 15 Oct 2026 · source
  • AlibabaAt least $53bn over three years
    from Feb 2025; cloud and AI, not total capex
    … plans to invest at least RMB380 billion (US$53 billion) over the next three years to advance its cloud computing and AI infrastructureAlibaba announcement, 24 Feb 2025 · source
  • CoreWeave2026: $35–39bn
    company-defined capex
    FY’26 Guidance: Capital Expenditures $35 – 39 billionCoreWeave earnings presentation, 11 Aug 2026 · source

No published 2026 plan found for Oracle, xAI, Tencent, Nebius, Apple, NVIDIA or Baidu.

Data and methods

What we measure

Capex is purchases of property and equipment from each company’s cash flow statement, as filed. It covers the whole company, not just AI: Amazon’s includes warehouses and satellites; Meta’s includes non-AI servers. Free cash flow is operating cash flow minus this capex.

The $879bn headline and every chart cover all 14 companies’ capex. The “big five” totals (Amazon, Alphabet, Microsoft, Meta and Oracle) count only those five. TSMC, CoreWeave and Alibaba’s spending plans are shown next to the big five’s but are never added to them; Alibaba’s is a three-year plan, not a yearly one.

Exceptions: Tencent reports capex on an accrual basis; Alibaba’s excludes land use rights and office campuses; NVIDIA’s and Nebius’s include intangible assets such as software (Nebius’s releases before 2026 used a label without them, for the same figures); xAI’s is the capex of SpaceX’s AI business, called the “AI segment” in SpaceX’s listing documents and the “SI segment” since Q3 2026, and its 2025 quarters are worked out from both sources. Renminbi figures use the Fed H.10 quarterly average rate; TSMC’s use its own reported rate.

Periods

Microsoft’s year ends in June, Oracle’s in May, NVIDIA’s in January, Apple’s in September and Alibaba’s in March. Each fiscal quarter is placed in the calendar quarter containing its midpoint. Companies report at different times, so the latest quarter is not the same for all.

AI share

No company splits AI from other capex. Our range for each is based on what it says its capex buys.

Method by company
  • Amazon, 45–70%: Amazon’s capex covers AWS plus fulfilment, transport and Kuiper satellites. It said 2026 spend is “predominantly in AWS” but does not split AI from other AWS spend. Low end: AWS share less non-AI compute. High end: most AWS spend AI-related. Evidence
  • Alphabet, 60–85%: On its Q3 2026 call, Alphabet said the vast majority of its capex went on technical infrastructure to support AI, and that about 65% of that went on servers and networking and 35% on data centres (automatic transcript of the official webcast, one pass, not yet checked by ear). Low end: the servers-and-networking share less non-AI servers. High end: 85% is DailyAI’s own assumption for “vast majority”; Alphabet gave no percentage. Evidence
  • Microsoft, 55–75%: Microsoft attributes its capex growth to “cloud and AI infrastructure” on every call since 2023 and says the mix is shifting to short-lived assets (servers, incl. GPUs and CPUs) that track AI and cloud revenue. Low end: short-lived share treated as mostly AI, sites as mostly non-AI. High end: most new data-centre sites also built for AI. Microsoft gives no AI split. Evidence
  • Meta, 60–85%: Meta says capex supports “both our generative AI efforts and core business” and that servers include “both non-AI and AI hardware”. Its ranking and recommendation systems are AI too; we count only generative-AI and AI-training capacity at the low end. Evidence
  • Oracle, 60–90%: Oracle’s capex is almost all OCI data centres and equipment, and its contract backlog growth is dominated by AI training and inference contracts. Oracle gives no AI split; the range is wide on purpose. Evidence
  • Alibaba, 70–90%: Alibaba says its capex goes to cloud and AI infrastructure under its three-year plan, and its Aug 2026 release links the rise to CPU compute for AI agents and chip prices. Some spend serves non-AI cloud and commerce. Evidence
  • Tencent, 60–85%: Tencent’s releases describe capex payments as “primarily to support our AI initiatives”. The rest serves games, social and non-AI cloud. Evidence
  • Baidu, 50–80%: Baidu’s capex funds AI Cloud and Ernie model compute plus iQIYI and other businesses. No AI split disclosed. Evidence
  • TSMC, 50–75%: Proxy: TSMC’s high-performance-computing platform share of revenue (its quarterly management report), which is mainly AI accelerators and server CPUs on advanced nodes. Capacity also serves smartphones and other platforms. Evidence
  • NVIDIA, 20–50%: NVIDIA’s own capex (not its sales) covers offices, labs and its in-house research and DGX Cloud compute. No AI split disclosed; the range is a judgement. Evidence
  • CoreWeave, 90–100%: CoreWeave is a GPU cloud; capex is GPUs, networking and data centres for AI workloads. Evidence
  • Nebius, 90–100%: Nebius’s capex is GPUs, GPU-related hardware and data-centre build-out for its AI cloud. Evidence
  • xAI, 85–100%: SpaceX’s SI segment (formerly AI) is xAI’s Colossus compute plus X and, from Q3 2026, Cursor. Most segment capex is AI compute; X platform spend is the main non-AI part. Evidence
  • Apple, 10–30%: Apple’s capex mostly funds manufacturing tooling, retail and corporate facilities, and data centres (incl. Private Cloud Compute servers for Apple Intelligence). No AI split disclosed. Evidence

Guidance

Quotes are word for word from earnings releases, call transcripts and webcasts; … marks a cut. Alphabet’s is paraphrased, because it comes from an automatic transcript of the webcast audio and the exact wording has not yet been checked by ear. Microsoft’s figure includes finance leases, Meta’s adds finance-lease principal payments and Amazon’s is net of proceeds and incentives, so they don’t match the capex above exactly. Oracle’s latest plan, for its 2027 financial year, was given only on its earnings call, and we have no official transcript of that call. Its last plan in a written release, $50bn for its 2026 financial year, covers a year that has ended. So no Oracle plan is shown. All 96 guidance quotes since 2023 are in the JSON download.

Spending outside capex

  • Operating leases. Leased data centres are not in capex. Leases signed but not yet started: Microsoft $364.6bn (30 Sep 2026), Meta about $355.7bn (30 Sep 2026), Alphabet $130.5bn (30 Sep 2026).
  • Meta’s joint ventures. Meta owns 20% of two ventures building data-centre campuses in Louisiana and Texas, with estimated costs of about $27bn and $14bn, and leases the capacity back. They are not consolidated.
  • Rented cloud capacity. Meta has $454.5bn of commitments that “mostly relate to third-party cloud capacity arrangements and investments in servers and network infrastructure”; Microsoft has $194.1bn (30 Jun 2026) that “primarily relate to datacenters”. Rental is an operating cost, not capex.
  • Oracle’s financing. Oracle’s own “net” capex deducts customer prepayments and financing tied to capex: $7.9bn in its 2026 fiscal year and $10.5bn in the quarter to August 2026. We show its gross figure.

Private AI labs

OpenAI doesn’t publish its capex. Anthropic’s stock-market filing does, but it is small, $482m in the first half of 2026, because Anthropic rents almost all its computing power rather than buying it. That makes it impossible to compare with the companies above, so it isn’t charted. The labs’ announced commitments are listed here and not added to any total.

Announced commitments
  • OpenAI, $500bn (21 Jan 2025, 2025-2029): Stargate: “intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States”. Stargate joint venture (SoftBank, OpenAI, Oracle, MGX equity funders). Joint-venture commitment; not OpenAI’s own capex. Company announcement
  • OpenAI, $300bn (23 Sep 2025, 2025-2030): OpenAI-Oracle agreement for up to 4.5 GW of additional Stargate capacity, “a partnership that exceeds $300 billion between the two companies over the next five years”. OpenAI pays Oracle for capacity; Oracle builds; already in Oracle’s capex. Company announcement
  • OpenAI, $450bn (30 Oct 2025, 2025-2028): Stargate at “over 8 gigawatts of planned capacity and more than $450 billion in investment over the next three years”. Stargate partners. Planned investment across partners. Company announcement
  • OpenAI (29 Apr 2026, by 2029): “committed to securing 10GW of AI infrastructure in the United States by 2029 ... we have already surpassed that milestone”. Stargate partners. Capacity milestone; no dollar figure given. Company announcement
  • Anthropic, $50bn (12 Nov 2025, sites online through 2026): “a $50 billion investment in American computing infrastructure, building data centers with Fluidstack in Texas and New York”. Anthropic with Fluidstack. Total programme; no quarterly spend disclosed. Company announcement
  • Antropisch (3 Jun 2026, through May 2029): Cloud Services Agreements with SpaceX: “the customer has agreed to pay us $1.25 billion per month through May 2029” for about 325,000 NVIDIA GPUs on Colossus and Colossus II. Anthropic pays SpaceX (compute purchase; opex for Anthropic). Compute rental, not capex; terminable on 90 days’ notice after the first three months. Sec filing (counterparty)
  • Antropisch (26 Oct 2026, terms of up to 20 years): IPO filing (S-1): at 30 June 2026, “expected future fixed or minimum guaranteed commitments” for compute and infrastructure “were approximately $265.6 billion”, plus leases not yet started of “$321.4 billion”. Anthropic pays cloud providers and lessors (mostly operating costs and leases for Anthropic). Capex itself was $131m in 2025 and $482m in the first half of 2026. The filing has not yet filled in its own combined total. Sec filing

Full data

All metrics by company
CompanyLatest quartervs year earlierLast 12 monthsAI share (est.)AI capex (est.)Revenue, 12mOp. cash flow, 12mFree cash flow, 12mCapex / revenueCapex / op. cash flowTotal debt
AmazonQ3 2026 · reports in USD$77.3bn+120%$215bn45–70%$96.8bn–$151bn$797bn$168bn−$46.9bn27%128%$181bn
AlfabetQ3 2026 · reports in USD$51.4bn+114%$160bn60–85%$95.9bn–$136bn$471bn$180bn$19.7bn34%89%$126bn
MicrosoftQ3 2026 (fiscal 2027 Q1) · reports in USD$39.4bn+103%$136bn55–75%$74.8bn–$102bn$346bn$196bn$60.0bn39%69%$35.5bn
MetaQ3 2026 · reports in USD$33.9bn+80%$104bn60–85%$62.7bn–$88.8bn$242bn$133bn$28.6bn43%78%$83.7bn
OracleQ3 2026 (fiscal 2027 Q1) · reports in USD$28.5bn+235%$75.7bn60–90%$45.4bn–$68.1bn$71.8bn$46.9bn−$28.7bn105%161%$125bn
AlibabaQ2 2026 (fiscal 2027 Q1) · reports in CNY$9.9bn+86%$21.8bn70–90%$15.2bn–$19.6bn$149bn$11.2bn−$10.5bn15%194%$39.3bn
TencentQ2 2026 · reports in CNY$7.8bn+194%$17.0bn60–85%$10.2bn–$14.4bn$113bn$43.7bn$26.7bn15%39%$66.8bn
BaiduQ2 2026 · reports in CNY$1.7bn+219%$3.3bn50–80%$1.6bn–$2.6bn$18.2bn$1.4bn−$1.8bn18%229%$15.3bn
TSMCQ3 2026 · reports in TWD$13.9bn+44%$52.2bn50–75%$26.1bn–$39.1bn$157bn$99.1bn$46.9bn33%53%$25.7bn
NVIDIAQ2 2026 (fiscal 2027 Q2) · reports in USD$2.7bn+41%$7.4bn20–50%$1.5bn–$3.7bn$303bn$134bn$127bn2%5%$33.4bn
CoreWeaveQ2 2026 · reports in USD$6.4bn+162%$20.6bn90–100%$18.5bn–$20.6bn$7.6bn$6.9bn−$13.7bn271%298%$35.6bn
NebiusQ2 2026 · reports in USD$5.7bn+1,008%$11.1bn90–100%$10.0bn–$11.1bn$1.4bn$5.3bn−$5.9bn822%212%$8.5bn
xAIQ3 2026 · reports in USD$16.4bn+245%$44.6bn85–100%$37.9bn–$44.6bn------
AppelQ2 2026 (fiscal 2026 Q3) · reports in USD$2.5bn−29%$10.0bn10–30%$1.0bn–$3.0bn$467bn$147bn$137bn2%7%$84.3bn
All 182 company-quarters, with sources
QuarterCompanyFiscal periodCurrencyCapex, local (m)FX rateCapex, US$mRevenue, US$mOp. cash flow, US$mBron
Q3 2026AmazonFY2026 Q3USD77,25977,259201,94442,422Bron
Q3 2026AlfabetFY2026 Q3USD51,35551,355127,57742,290Bron
Q3 2026MicrosoftFY2027 Q1USD39,36739,36792,27958,000Bron
Q3 2026MetaFY2026 Q3USD33,94233,94264,60132,785Bron
Q3 2026OracleFY2027 Q1USD28,49928,49919,34523,103Bron
Q3 2026TSMCFY2026 Q3TWD443,21031.9813,85946,72428,761Bron
Q3 2026xAI2026 Q3USD16,44416,444--Bron
Q2 2026AmazonFY2026 Q2USD54,20854,208200,60645,387Bron
Q2 2026AlfabetFY2026 Q2USD44,92444,924119,79639,069Bron
Q2 2026MicrosoftFY2026 Q4USD35,80235,80290,00755,441Bron
Q2 2026MetaFY2026 Q2USD30,11630,11660,80131,862Bron
Q2 2026OracleFY2026 Q4USD16,49316,49319,18414,620Bron
Q2 2026AlibabaFY2027 Q1CNY67,6606.80489,94339,5243,372Bron
Q2 2026Tencent2026 Q2CNY52,7846.80487,75730,0947,744Bron
Q2 2026BaiduFY2026 Q2CNY11,3906.80481,6744,603505Bron
Q2 2026TSMCFY2026 Q2TWD496,00031.615,69640,20224,790Bron
Q2 2026NVIDIAFY2027 Q2USD2,6772,67796,22124,077Bron
Q2 2026CoreWeaveFY2026 Q2USD6,4226,4222,575679Bron
Q2 2026NebiusFY2026 Q2USD5,6575,6575822,246Bron
Q2 2026xAI2026 Q2USD15,82815,828--Bron
Q2 2026AppelFY2026 Q3USD2,4552,455109,41734,369Bron
Q1 2026AmazonFY2026 Q1USD44,20344,203181,51926,032Bron
Q1 2026AlfabetFY2026 Q1USD35,67435,674109,89645,790Bron
Q1 2026MicrosoftFY2026 Q3USD30,87630,87682,88646,679Bron
Q1 2026MetaFY2026 Q1USD18,99718,99756,31132,226Bron
Q1 2026OracleFY2026 Q3USD18,63518,63517,1907,151Bron
Q1 2026Tencent2026 Q1CNY31,9366.92184,61428,38214,649Bron
Q1 2026AlibabaFY2026 Q4CNY26,5886.92183,84135,1611,360Bron
Q1 2026BaiduFY2026 Q1CNY5,9166.92188554,634386Bron
Q1 2026TSMCFY2026 Q1TWD350,76031.5911,10435,90122,126Bron
Q1 2026NVIDIAFY2027 Q1USD1,7571,75781,61550,344Bron
Q1 2026CoreWeaveFY2026 Q1USD7,6957,6952,0782,984Bron
Q1 2026NebiusFY2026 Q1USD2,4732,4733992,258Bron
Q1 2026xAI2026 Q1USD7,7237,723--Bron
Q1 2026AppelFY2026 Q2USD1,9711,971111,18428,702Bron
Q4 2025AmazonFY2025 Q4USD39,52239,522213,38654,459Bron
Q4 2025MicrosoftFY2026 Q2USD29,87629,87681,27335,758Bron
Q4 2025AlfabetFY2025 Q4USD27,85127,851113,82952,402Bron
Q4 2025MetaFY2025 Q4USD21,38321,38359,89336,214Bron
Q4 2025OracleFY2026 Q2USD12,03312,03316,0582,066Bron
Q4 2025AlibabaFY2026 Q3CNY25,3767.08893,58040,1825,083Bron
Q4 2025Tencent2025 Q4CNY19,6327.08892,76927,4199,381Bron
Q4 2025BaiduFY2025 Q4CNY1,9727.08892784,618368Bron
Q4 2025TSMCFY2025 Q4TWD356,91031.0111,51033,73423,396Bron
Q4 2025NVIDIAFY2026 Q4USD1,2841,28468,12736,188Bron
Q4 2025CoreWeaveFY2025 Q4USD4,0604,0601,5721,559Bron
Q4 2025NebiusFY2025 Q4USD2,0562,056228834Bron
Q4 2025xAI2025 Q4USD4,6504,650--Bron
Q4 2025AppelFY2026 Q1USD2,3732,373143,75653,925Bron
Q3 2025AmazonFY2025 Q3USD35,09535,095180,16935,525Bron
Q3 2025AlfabetFY2025 Q3USD23,95323,953102,34648,414Bron
Q3 2025MicrosoftFY2026 Q1USD19,39419,39477,67345,057Bron
Q3 2025MetaFY2025 Q3USD18,82918,82951,24229,999Bron
Q3 2025OracleFY2026 Q1USD8,5028,50214,9268,140Bron
Q3 2025AlibabaFY2026 Q2CNY31,4287.1574,39134,6231,411Bron
Q3 2025Tencent2025 Q3CNY12,9837.1571,81426,94811,918Bron
Q3 2025BaiduFY2025 Q3CNY3,4017.1574754,356176Bron
Q3 2025TSMCFY2025 Q3TWD287,45029.919,61033,09714,270Bron
Q3 2025NVIDIAFY2026 Q3USD1,6361,63657,00623,751Bron
Q3 2025CoreWeaveFY2025 Q3USD2,3892,3891,3651,689Bron
Q3 2025NebiusFY2025 Q3USD956956146-81Bron
Q3 2025xAI2025 Q3USD4,7604,760--Bron
Q3 2025AppelFY2025 Q4USD3,2423,242102,46629,728Bron
Q2 2025AmazonFY2025 Q2USD32,18332,183167,70232,515Bron
Q2 2025AlfabetFY2025 Q2USD22,44622,44696,42827,747Bron
Q2 2025MicrosoftFY2025 Q4USD17,07917,07976,44142,647Bron
Q2 2025MetaFY2025 Q2USD16,53816,53847,51625,561Bron
Q2 2025OracleFY2025 Q4USD9,0809,08015,9036,157Bron
Q2 2025AlibabaFY2026 Q1CNY38,6297.23315,34134,2392,858Bron
Q2 2025Tencent2025 Q2CNY19,1077.23312,64225,50810,286Bron
Q2 2025BaiduFY2025 Q2CNY3,8007.23315254,523-121Bron
Q2 2025TSMCFY2025 Q2TWD297,22031.059,57230,07416,009Bron
Q2 2025NVIDIAFY2026 Q2USD1,8951,89546,74315,365Bron
Q2 2025CoreWeaveFY2025 Q2USD2,4532,4531,212-251Bron
Q2 2025NebiusFY2025 Q2USD511511105-168Bron
Q2 2025xAI2025 Q2USD749749--Bron
Q2 2025AppelFY2025 Q3USD3,4623,46294,03627,867Bron
Q1 2025AmazonFY2025 Q1USD25,01925,019155,66717,015Bron
Q1 2025AlfabetFY2025 Q1USD17,19717,19790,23436,150Bron
Q1 2025MicrosoftFY2025 Q3USD16,74516,74570,06637,044Bron
Q1 2025MetaFY2025 Q1USD12,94112,94142,31424,026Bron
Q1 2025OracleFY2025 Q3USD5,8625,86214,1305,933Bron
Q1 2025Tencent2025 Q1CNY27,4767.27283,77824,75310,574Bron
Q1 2025AlibabaFY2025 Q4CNY23,9937.27283,29932,5123,784Bron
Q1 2025BaiduFY2025 Q1CNY2,9007.27283994,462-825Bron
Q1 2025TSMCFY2025 Q1TWD330,83032.8810,06225,52519,026Bron
Q1 2025NVIDIAFY2026 Q1USD1,2271,22744,06227,414Bron
Q1 2025CoreWeaveFY2025 Q1USD1,4071,40798261Bron
Q1 2025NebiusFY2025 Q1USD54454451-184Bron
Q1 2025xAI2025 Q1USD2,5682,568--Bron
Q1 2025AppelFY2025 Q2USD3,0713,07195,35923,952Bron
Q4 2024AmazonFY2024 Q4USD27,83427,834187,79245,636Bron
Q4 2024MicrosoftFY2025 Q2USD15,80415,80469,63222,291Bron
Q4 2024MetaFY2024 Q4USD14,42514,42548,38527,988Bron
Q4 2024AlfabetFY2024 Q4USD14,27614,27696,46939,113Bron
Q4 2024OracleFY2025 Q2USD3,9703,97014,0591,304Bron
Q4 2024Tencent2024 Q4CNY36,5787.18965,08823,986-Bron
Q4 2024AlibabaFY2025 Q3CNY31,3697.18964,36338,9679,864Bron
Q4 2024BaiduFY2024 Q4CNY2,3337.18963244,746328Bron
Q4 2024TSMCFY2024 Q4TWD361,95032.311,20626,88719,202Bron
Q4 2024NVIDIAFY2025 Q4USD1,0771,07739,33116,629Bron
Q4 2024CoreWeaveFY2024 Q4USD3,4983,498747187Bron
Q4 2024NebiusFY2024 Q4USD41841835-73Bron
Q4 2024AppelFY2025 Q1USD2,9402,940124,30029,935Bron
Q3 2024AmazonFY2024 Q3USD22,62022,620158,87725,971Bron
Q3 2024MicrosoftFY2025 Q1USD14,92314,92365,58534,180Bron
Q3 2024AlfabetFY2024 Q3USD13,06113,06188,26830,698Bron
Q3 2024MetaFY2024 Q3USD8,2588,25840,58924,724Bron
Q3 2024OracleFY2025 Q1USD2,3032,30313,3077,427Bron
Q3 2024Tencent2024 Q3CNY17,0947.16412,38623,338-Bron
Q3 2024AlibabaFY2025 Q2CNY16,9777.16412,37033,0124,388Bron
Q3 2024BaiduFY2024 Q3CNY1,6457.16412304,684597Bron
Q3 2024TSMCFY2024 Q3TWD207,08032.326,40723,50512,128Bron
Q3 2024NVIDIAFY2025 Q3USD81381335,08217,627Bron
Q3 2024CoreWeaveFY2024 Q3USD1,2151,215584641Bron
Q3 2024NebiusFY2024 Q3USD17217232-35Bron
Q3 2024AppelFY2024 Q4USD2,9082,90894,93026,811Bron
Q2 2024AmazonFY2024 Q2USD17,62017,620147,97725,281Bron
Q2 2024MicrosoftFY2024 Q4USD13,87313,87364,72737,195Bron
Q2 2024AlfabetFY2024 Q2USD13,18613,18684,74226,640Bron
Q2 2024MetaFY2024 Q2USD8,1738,17339,07119,370Bron
Q2 2024OracleFY2024 Q4USD2,7982,79814,2876,081Bron
Q2 2024AlibabaFY2025 Q1CNY11,9397.2411,64933,5924,645Bron
Q2 2024Tencent2024 Q2CNY8,7297.2411,20622,251-Bron
Q2 2024BaiduFY2024 Q2CNY2,1187.2412924,6861,157Bron
Q2 2024TSMCFY2024 Q2TWD205,68032.356,35820,82011,674Bron
Q2 2024NVIDIAFY2025 Q2USD97797730,04014,488Bron
Q2 2024CoreWeaveFY2024 Q2USD2,2472,247395-118Bron
Q2 2024NebiusFY2024 Q2USD15915914-99Bron
Q2 2024AppelFY2024 Q3USD2,1512,15185,77728,858Bron
Q1 2024AmazonFY2024 Q1USD14,92514,925143,31318,989Bron
Q1 2024AlfabetFY2024 Q1USD12,01212,01280,53928,848Bron
Q1 2024MicrosoftFY2024 Q3USD10,95210,95261,85831,917Bron
Q1 2024MetaFY2024 Q1USD6,4006,40036,45519,246Bron
Q1 2024OracleFY2024 Q3USD1,6741,67413,2805,475Bron
Q1 2024Tencent2024 Q1CNY14,3597.18851,99822,188-Bron
Q1 2024AlibabaFY2024 Q4CNY10,1747.18851,41530,8653,247Bron
Q1 2024BaiduFY2024 Q1CNY2,0387.18852844,384865Bron
Q1 2024TSMCFY2024 Q1TWD181,30031.45,77418,87413,895Bron
Q1 2024NVIDIAFY2025 Q1USD36936926,04415,345Bron
Q1 2024CoreWeaveFY2024 Q1USD1,7421,7421892,039Bron
Q1 2024AppelFY2024 Q2USD1,9961,99690,75322,690Bron
Q4 2023AmazonFY2023 Q4USD14,58814,588169,96142,465Bron
Q4 2023AlfabetFY2023 Q4USD11,01911,01986,31018,915Bron
Q4 2023MicrosoftFY2024 Q2USD9,7359,73562,02018,853Bron
Q4 2023MetaFY2023 Q4USD7,5927,59240,11119,404Bron
Q4 2023OracleFY2024 Q2USD1,0801,08012,941143Bron
Q4 2023AlibabaFY2024 Q3CNY7,2867.22471,00836,0368,958Bron
Q4 2023BaiduFY2023 Q4CNY3,6607.22475074,8381,470Bron
Q4 2023TSMCFY2023 Q4TWD170,16031.885,33819,62112,385Bron
Q4 2023NVIDIAFY2024 Q4USD25425422,10311,499Bron
Q4 2023AppelFY2024 Q1USD2,3922,392119,57539,895Bron
Q3 2023AmazonFY2023 Q3USD12,47912,479143,08321,217Bron
Q3 2023MicrosoftFY2024 Q1USD9,9179,91756,51730,583Bron
Q3 2023AlfabetFY2023 Q3USD8,0558,05576,69330,656Bron
Q3 2023MetaFY2023 Q3USD6,4966,49634,14620,402Bron
Q3 2023OracleFY2024 Q1USD1,3141,31412,4536,974Bron
Q3 2023AlibabaFY2024 Q2CNY4,1127.244556831,0296,796Bron
Q3 2023BaiduFY2023 Q3CNY3,5297.24454874,7551,315Bron
Q3 2023TSMCFY2023 Q3TWD226,62031.647,16217,2809,313Bron
Q3 2023NVIDIAFY2024 Q3USD27827818,1207,332Bron
Q3 2023AppelFY2023 Q4USD2,1632,16389,49821,598Bron
Q2 2023AmazonFY2023 Q2USD11,45511,455134,38316,476Bron
Q2 2023MicrosoftFY2023 Q4USD8,9438,94356,18928,770Bron
Q2 2023AlfabetFY2023 Q2USD6,8886,88874,60428,666Bron
Q2 2023MetaFY2023 Q2USD6,1346,13431,99917,309Bron
Q2 2023OracleFY2023 Q4USD1,9131,91313,8365,647Bron
Q2 2023AlibabaFY2024 Q1CNY6,0077.01385733,3896,460Bron
Q2 2023BaiduFY2023 Q2CNY2,7067.0133864,8561,516Bron
Q2 2023TSMCFY2023 Q2TWD250,53030.678,16915,6785,453Bron
Q2 2023NVIDIAFY2024 Q2USD28928913,5076,348Bron
Q2 2023AppelFY2023 Q3USD2,0932,09381,79726,380Bron
Q1 2023AmazonFY2023 Q1USD14,20714,207127,3584,788Bron
Q1 2023MetaFY2023 Q1USD6,8236,82328,64513,998Bron
Q1 2023MicrosoftFY2023 Q3USD6,6076,60752,85724,441Bron
Q1 2023AlfabetFY2023 Q1USD6,2896,28969,78723,509Bron
Q1 2023OracleFY2023 Q3USD2,6282,62812,3984,275Bron
Q1 2023AlibabaFY2023 Q4CNY2,5136.842336730,4284,589Bron
Q1 2023BaiduFY2023 Q1CNY1,2956.84231894,552854Bron
Q1 2023TSMCFY2023 Q1TWD302,50030.429,94416,72012,664Bron
Q1 2023NVIDIAFY2024 Q1USD2482487,1922,911Bron
Q1 2023AppelFY2023 Q2USD2,9162,91694,83628,560Bron

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DailyAI, AI capex tracker, version 2026-10-31. CC BY 4.0. Corrections to published figures will be logged here.