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Sourced ranking of the AI infrastructure build-out

A new tracker ranks 45 public companies by AI infrastructure capital expenditure, showing a combined $941.5B in capex with an estimated $399.5B attributed to AI. Alphabet leads at $185.0B, followed by Amazon, Alibaba, Microsoft, and Meta, with hyperscalers accounting for $580.7B of the total.

read1 min views1 publishedJul 17, 2026

Infrastructure spending dashboard

The sourced ranking of the AI infrastructure build-out — combined and AI-attributed capital expenditure for 45 public companies across 8 sectors, with cited figures on every name.

Prices updated Jul 17, 2026, 10:00 PM UTC

Combined capex tracked

$941.5B

Across 45 companies

AI-attributed spend (est.) $399.5B

42.4% of tracked capex

Top spender

GOOGL

$185.0B

Companies tracked

45

8 sectors

Top 15 by capital expenditure #

View all 45 companies →

# Company Capex AI capex (est.) Market cap Day Δ
1
GOOGLAlphabet Inc.

AMZNAmazon.com, Inc.BABAAlibaba Group Holding LimitedMSFTMicrosoft CorporationMETAMeta Platforms, Inc.ORCLOracle CorporationTSMTaiwan Semiconductor Manufacturing Company LimitedTAT&T Inc.AAPLApple Inc.CRWVCoreWeave, Inc. Class A Common StockVZVerizon Communications Inc.MUMicron Technology, Inc.INTCIntel Corp.DDominion Energy, Inc.TCEHYTencent Holdings Limited## By sector

Hyperscalers Cloud & big-tech buyers

$580.7B

6 companies

Chinese Tech China's AI buildout

$147.9B

4 companies

Semiconductors Chips & fab equipment

$88.9B

12 companies

Telco Network infrastructure

$47.8B

3 companies

AI Power & Energy Powering the data centers

$29.9B

6 companies

Data Centers REITs & neoclouds

$28.4B

4 companies

Software & Other Apps & adjacent AI plays

$10.0B

3 companies

Hardware & Networking Servers, switches, power & cooling

$7.9B

7 companies

Hyperscaler capex trend #

AI vs. other (FY2026) #

Methodology: total capex reflects reported cash-flow actuals where available and forward estimates aligned to earnings guidance and analyst consensus otherwise. AI-attributed figures are editorial estimates of the AI / data-center share and are not a reported line item. Every figure links to a source on its company page. Estimates are subject to change.

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