# Sourced ranking of the AI infrastructure build-out

> Source: <https://www.capexindex.com/>
> Published: 2026-07-17 23:54:35+00:00

Infrastructure spending dashboard

# AI CapEx Tracker

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 →](/rankings)

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

[AMZNAmazon.com, Inc.](/companies/AMZN)[BABAAlibaba Group Holding Limited](/companies/BABA)[MSFTMicrosoft Corporation](/companies/MSFT)[METAMeta Platforms, Inc.](/companies/META)[ORCLOracle Corporation](/companies/ORCL)[TSMTaiwan Semiconductor Manufacturing Company Limited](/companies/TSM)[TAT&T Inc.](/companies/T)[AAPLApple Inc.](/companies/AAPL)[CRWVCoreWeave, Inc. Class A Common Stock](/companies/CRWV)[VZVerizon Communications Inc.](/companies/VZ)[MUMicron Technology, Inc.](/companies/MU)[INTCIntel Corp.](/companies/INTC)[DDominion Energy, Inc.](/companies/D)[TCEHYTencent Holdings Limited](/companies/TCEHY)## By sector

[Hyperscalers](/rankings)

Cloud & big-tech buyers

$580.7B

6 companies

[Chinese Tech](/rankings)

China's AI buildout

$147.9B

4 companies

[Semiconductors](/rankings)

Chips & fab equipment

$88.9B

12 companies

[Telco](/rankings)

Network infrastructure

$47.8B

3 companies

[AI Power & Energy](/rankings)

Powering the data centers

$29.9B

6 companies

[Data Centers](/rankings)

REITs & neoclouds

$28.4B

4 companies

[Software & Other](/rankings)

Apps & adjacent AI plays

$10.0B

3 companies

[Hardware & Networking](/rankings)

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.