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.

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.