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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
Alphabet$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
Apple$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%
Alphabet$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
AppleQ2 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
Alphabet
$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
Apple
$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
  • Alphabet2026: $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
  • Anthropic (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)
  • Anthropic (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
AlphabetQ3 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––––––
AppleQ2 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$mOp. cash flow, US$mSource
Q3 2026AmazonFY2026 Q3USD77,25977,259201,94442,422Source
Q3 2026AlphabetFY2026 Q3USD51,35551,355127,57742,290Source
Q3 2026MicrosoftFY2027 Q1USD39,36739,36792,27958,000Source
Q3 2026MetaFY2026 Q3USD33,94233,94264,60132,785Source
Q3 2026OracleFY2027 Q1USD28,49928,49919,34523,103Source
Q3 2026TSMCFY2026 Q3TWD443,21031.9813,85946,72428,761Source
Q3 2026xAI2026 Q3USD16,44416,444––Source
Q2 2026AmazonFY2026 Q2USD54,20854,208200,60645,387Source
Q2 2026AlphabetFY2026 Q2USD44,92444,924119,79639,069Source
Q2 2026MicrosoftFY2026 Q4USD35,80235,80290,00755,441Source
Q2 2026MetaFY2026 Q2USD30,11630,11660,80131,862Source
Q2 2026OracleFY2026 Q4USD16,49316,49319,18414,620Source
Q2 2026AlibabaFY2027 Q1CNY67,6606.80489,94339,5243,372Source
Q2 2026Tencent2026 Q2CNY52,7846.80487,75730,0947,744Source
Q2 2026BaiduFY2026 Q2CNY11,3906.80481,6744,603505Source
Q2 2026TSMCFY2026 Q2TWD496,00031.615,69640,20224,790Source
Q2 2026NVIDIAFY2027 Q2USD2,6772,67796,22124,077Source
Q2 2026CoreWeaveFY2026 Q2USD6,4226,4222,575679Source
Q2 2026NebiusFY2026 Q2USD5,6575,6575822,246Source
Q2 2026xAI2026 Q2USD15,82815,828––Source
Q2 2026AppleFY2026 Q3USD2,4552,455109,41734,369Source
Q1 2026AmazonFY2026 Q1USD44,20344,203181,51926,032Source
Q1 2026AlphabetFY2026 Q1USD35,67435,674109,89645,790Source
Q1 2026MicrosoftFY2026 Q3USD30,87630,87682,88646,679Source
Q1 2026MetaFY2026 Q1USD18,99718,99756,31132,226Source
Q1 2026OracleFY2026 Q3USD18,63518,63517,1907,151Source
Q1 2026Tencent2026 Q1CNY31,9366.92184,61428,38214,649Source
Q1 2026AlibabaFY2026 Q4CNY26,5886.92183,84135,1611,360Source
Q1 2026BaiduFY2026 Q1CNY5,9166.92188554,634386Source
Q1 2026TSMCFY2026 Q1TWD350,76031.5911,10435,90122,126Source
Q1 2026NVIDIAFY2027 Q1USD1,7571,75781,61550,344Source
Q1 2026CoreWeaveFY2026 Q1USD7,6957,6952,0782,984Source
Q1 2026NebiusFY2026 Q1USD2,4732,4733992,258Source
Q1 2026xAI2026 Q1USD7,7237,723––Source
Q1 2026AppleFY2026 Q2USD1,9711,971111,18428,702Source
Q4 2025AmazonFY2025 Q4USD39,52239,522213,38654,459Source
Q4 2025MicrosoftFY2026 Q2USD29,87629,87681,27335,758Source
Q4 2025AlphabetFY2025 Q4USD27,85127,851113,82952,402Source
Q4 2025MetaFY2025 Q4USD21,38321,38359,89336,214Source
Q4 2025OracleFY2026 Q2USD12,03312,03316,0582,066Source
Q4 2025AlibabaFY2026 Q3CNY25,3767.08893,58040,1825,083Source
Q4 2025Tencent2025 Q4CNY19,6327.08892,76927,4199,381Source
Q4 2025BaiduFY2025 Q4CNY1,9727.08892784,618368Source
Q4 2025TSMCFY2025 Q4TWD356,91031.0111,51033,73423,396Source
Q4 2025NVIDIAFY2026 Q4USD1,2841,28468,12736,188Source
Q4 2025CoreWeaveFY2025 Q4USD4,0604,0601,5721,559Source
Q4 2025NebiusFY2025 Q4USD2,0562,056228834Source
Q4 2025xAI2025 Q4USD4,6504,650––Source
Q4 2025AppleFY2026 Q1USD2,3732,373143,75653,925Source
Q3 2025AmazonFY2025 Q3USD35,09535,095180,16935,525Source
Q3 2025AlphabetFY2025 Q3USD23,95323,953102,34648,414Source
Q3 2025MicrosoftFY2026 Q1USD19,39419,39477,67345,057Source
Q3 2025MetaFY2025 Q3USD18,82918,82951,24229,999Source
Q3 2025OracleFY2026 Q1USD8,5028,50214,9268,140Source
Q3 2025AlibabaFY2026 Q2CNY31,4287.1574,39134,6231,411Source
Q3 2025Tencent2025 Q3CNY12,9837.1571,81426,94811,918Source
Q3 2025BaiduFY2025 Q3CNY3,4017.1574754,356176Source
Q3 2025TSMCFY2025 Q3TWD287,45029.919,61033,09714,270Source
Q3 2025NVIDIAFY2026 Q3USD1,6361,63657,00623,751Source
Q3 2025CoreWeaveFY2025 Q3USD2,3892,3891,3651,689Source
Q3 2025NebiusFY2025 Q3USD956956146-81Source
Q3 2025xAI2025 Q3USD4,7604,760––Source
Q3 2025AppleFY2025 Q4USD3,2423,242102,46629,728Source
Q2 2025AmazonFY2025 Q2USD32,18332,183167,70232,515Source
Q2 2025AlphabetFY2025 Q2USD22,44622,44696,42827,747Source
Q2 2025MicrosoftFY2025 Q4USD17,07917,07976,44142,647Source
Q2 2025MetaFY2025 Q2USD16,53816,53847,51625,561Source
Q2 2025OracleFY2025 Q4USD9,0809,08015,9036,157Source
Q2 2025AlibabaFY2026 Q1CNY38,6297.23315,34134,2392,858Source
Q2 2025Tencent2025 Q2CNY19,1077.23312,64225,50810,286Source
Q2 2025BaiduFY2025 Q2CNY3,8007.23315254,523-121Source
Q2 2025TSMCFY2025 Q2TWD297,22031.059,57230,07416,009Source
Q2 2025NVIDIAFY2026 Q2USD1,8951,89546,74315,365Source
Q2 2025CoreWeaveFY2025 Q2USD2,4532,4531,212-251Source
Q2 2025NebiusFY2025 Q2USD511511105-168Source
Q2 2025xAI2025 Q2USD749749––Source
Q2 2025AppleFY2025 Q3USD3,4623,46294,03627,867Source
Q1 2025AmazonFY2025 Q1USD25,01925,019155,66717,015Source
Q1 2025AlphabetFY2025 Q1USD17,19717,19790,23436,150Source
Q1 2025MicrosoftFY2025 Q3USD16,74516,74570,06637,044Source
Q1 2025MetaFY2025 Q1USD12,94112,94142,31424,026Source
Q1 2025OracleFY2025 Q3USD5,8625,86214,1305,933Source
Q1 2025Tencent2025 Q1CNY27,4767.27283,77824,75310,574Source
Q1 2025AlibabaFY2025 Q4CNY23,9937.27283,29932,5123,784Source
Q1 2025BaiduFY2025 Q1CNY2,9007.27283994,462-825Source
Q1 2025TSMCFY2025 Q1TWD330,83032.8810,06225,52519,026Source
Q1 2025NVIDIAFY2026 Q1USD1,2271,22744,06227,414Source
Q1 2025CoreWeaveFY2025 Q1USD1,4071,40798261Source
Q1 2025NebiusFY2025 Q1USD54454451-184Source
Q1 2025xAI2025 Q1USD2,5682,568––Source
Q1 2025AppleFY2025 Q2USD3,0713,07195,35923,952Source
Q4 2024AmazonFY2024 Q4USD27,83427,834187,79245,636Source
Q4 2024MicrosoftFY2025 Q2USD15,80415,80469,63222,291Source
Q4 2024MetaFY2024 Q4USD14,42514,42548,38527,988Source
Q4 2024AlphabetFY2024 Q4USD14,27614,27696,46939,113Source
Q4 2024OracleFY2025 Q2USD3,9703,97014,0591,304Source
Q4 2024Tencent2024 Q4CNY36,5787.18965,08823,986–Source
Q4 2024AlibabaFY2025 Q3CNY31,3697.18964,36338,9679,864Source
Q4 2024BaiduFY2024 Q4CNY2,3337.18963244,746328Source
Q4 2024TSMCFY2024 Q4TWD361,95032.311,20626,88719,202Source
Q4 2024NVIDIAFY2025 Q4USD1,0771,07739,33116,629Source
Q4 2024CoreWeaveFY2024 Q4USD3,4983,498747187Source
Q4 2024NebiusFY2024 Q4USD41841835-73Source
Q4 2024AppleFY2025 Q1USD2,9402,940124,30029,935Source
Q3 2024AmazonFY2024 Q3USD22,62022,620158,87725,971Source
Q3 2024MicrosoftFY2025 Q1USD14,92314,92365,58534,180Source
Q3 2024AlphabetFY2024 Q3USD13,06113,06188,26830,698Source
Q3 2024MetaFY2024 Q3USD8,2588,25840,58924,724Source
Q3 2024OracleFY2025 Q1USD2,3032,30313,3077,427Source
Q3 2024Tencent2024 Q3CNY17,0947.16412,38623,338–Source
Q3 2024AlibabaFY2025 Q2CNY16,9777.16412,37033,0124,388Source
Q3 2024BaiduFY2024 Q3CNY1,6457.16412304,684597Source
Q3 2024TSMCFY2024 Q3TWD207,08032.326,40723,50512,128Source
Q3 2024NVIDIAFY2025 Q3USD81381335,08217,627Source
Q3 2024CoreWeaveFY2024 Q3USD1,2151,215584641Source
Q3 2024NebiusFY2024 Q3USD17217232-35Source
Q3 2024AppleFY2024 Q4USD2,9082,90894,93026,811Source
Q2 2024AmazonFY2024 Q2USD17,62017,620147,97725,281Source
Q2 2024MicrosoftFY2024 Q4USD13,87313,87364,72737,195Source
Q2 2024AlphabetFY2024 Q2USD13,18613,18684,74226,640Source
Q2 2024MetaFY2024 Q2USD8,1738,17339,07119,370Source
Q2 2024OracleFY2024 Q4USD2,7982,79814,2876,081Source
Q2 2024AlibabaFY2025 Q1CNY11,9397.2411,64933,5924,645Source
Q2 2024Tencent2024 Q2CNY8,7297.2411,20622,251–Source
Q2 2024BaiduFY2024 Q2CNY2,1187.2412924,6861,157Source
Q2 2024TSMCFY2024 Q2TWD205,68032.356,35820,82011,674Source
Q2 2024NVIDIAFY2025 Q2USD97797730,04014,488Source
Q2 2024CoreWeaveFY2024 Q2USD2,2472,247395-118Source
Q2 2024NebiusFY2024 Q2USD15915914-99Source
Q2 2024AppleFY2024 Q3USD2,1512,15185,77728,858Source
Q1 2024AmazonFY2024 Q1USD14,92514,925143,31318,989Source
Q1 2024AlphabetFY2024 Q1USD12,01212,01280,53928,848Source
Q1 2024MicrosoftFY2024 Q3USD10,95210,95261,85831,917Source
Q1 2024MetaFY2024 Q1USD6,4006,40036,45519,246Source
Q1 2024OracleFY2024 Q3USD1,6741,67413,2805,475Source
Q1 2024Tencent2024 Q1CNY14,3597.18851,99822,188–Source
Q1 2024AlibabaFY2024 Q4CNY10,1747.18851,41530,8653,247Source
Q1 2024BaiduFY2024 Q1CNY2,0387.18852844,384865Source
Q1 2024TSMCFY2024 Q1TWD181,30031.45,77418,87413,895Source
Q1 2024NVIDIAFY2025 Q1USD36936926,04415,345Source
Q1 2024CoreWeaveFY2024 Q1USD1,7421,7421892,039Source
Q1 2024AppleFY2024 Q2USD1,9961,99690,75322,690Source
Q4 2023AmazonFY2023 Q4USD14,58814,588169,96142,465Source
Q4 2023AlphabetFY2023 Q4USD11,01911,01986,31018,915Source
Q4 2023MicrosoftFY2024 Q2USD9,7359,73562,02018,853Source
Q4 2023MetaFY2023 Q4USD7,5927,59240,11119,404Source
Q4 2023OracleFY2024 Q2USD1,0801,08012,941143Source
Q4 2023AlibabaFY2024 Q3CNY7,2867.22471,00836,0368,958Source
Q4 2023BaiduFY2023 Q4CNY3,6607.22475074,8381,470Source
Q4 2023TSMCFY2023 Q4TWD170,16031.885,33819,62112,385Source
Q4 2023NVIDIAFY2024 Q4USD25425422,10311,499Source
Q4 2023AppleFY2024 Q1USD2,3922,392119,57539,895Source
Q3 2023AmazonFY2023 Q3USD12,47912,479143,08321,217Source
Q3 2023MicrosoftFY2024 Q1USD9,9179,91756,51730,583Source
Q3 2023AlphabetFY2023 Q3USD8,0558,05576,69330,656Source
Q3 2023MetaFY2023 Q3USD6,4966,49634,14620,402Source
Q3 2023OracleFY2024 Q1USD1,3141,31412,4536,974Source
Q3 2023AlibabaFY2024 Q2CNY4,1127.244556831,0296,796Source
Q3 2023BaiduFY2023 Q3CNY3,5297.24454874,7551,315Source
Q3 2023TSMCFY2023 Q3TWD226,62031.647,16217,2809,313Source
Q3 2023NVIDIAFY2024 Q3USD27827818,1207,332Source
Q3 2023AppleFY2023 Q4USD2,1632,16389,49821,598Source
Q2 2023AmazonFY2023 Q2USD11,45511,455134,38316,476Source
Q2 2023MicrosoftFY2023 Q4USD8,9438,94356,18928,770Source
Q2 2023AlphabetFY2023 Q2USD6,8886,88874,60428,666Source
Q2 2023MetaFY2023 Q2USD6,1346,13431,99917,309Source
Q2 2023OracleFY2023 Q4USD1,9131,91313,8365,647Source
Q2 2023AlibabaFY2024 Q1CNY6,0077.01385733,3896,460Source
Q2 2023BaiduFY2023 Q2CNY2,7067.0133864,8561,516Source
Q2 2023TSMCFY2023 Q2TWD250,53030.678,16915,6785,453Source
Q2 2023NVIDIAFY2024 Q2USD28928913,5076,348Source
Q2 2023AppleFY2023 Q3USD2,0932,09381,79726,380Source
Q1 2023AmazonFY2023 Q1USD14,20714,207127,3584,788Source
Q1 2023MetaFY2023 Q1USD6,8236,82328,64513,998Source
Q1 2023MicrosoftFY2023 Q3USD6,6076,60752,85724,441Source
Q1 2023AlphabetFY2023 Q1USD6,2896,28969,78723,509Source
Q1 2023OracleFY2023 Q3USD2,6282,62812,3984,275Source
Q1 2023AlibabaFY2023 Q4CNY2,5136.842336730,4284,589Source
Q1 2023BaiduFY2023 Q1CNY1,2956.84231894,552854Source
Q1 2023TSMCFY2023 Q1TWD302,50030.429,94416,72012,664Source
Q1 2023NVIDIAFY2024 Q1USD2482487,1922,911Source
Q1 2023AppleFY2023 Q2USD2,9162,91694,83628,560Source

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