CapexIndexCapexIndex

Who is spending on AI infrastructure

Public companies ranked by estimated AI-attributed capital expenditure. Reported actuals are solid; forward guidance and analyst projections are dashed.

AllUSChinaOther
Total capexAI-attributed
  1. 1
    GOOGLAlphabet Inc.
    $130.0B
  2. 2
    AMZNAmazon.com, Inc.
    $90.0B
  3. 3
    MSFTMicrosoft Corporation
    $80.0B
  4. 4
    METAMeta Platforms, Inc.
    $64.0B
  5. 5
    CRWVCoreWeave, Inc. Class A Common Stock
    $20.0B
  6. 6
    ORCLOracle Corporation
    $20.0B
  7. 7
    TCEHYTencent Holdings Limited
    $8.0B
  8. 8
    AAPLApple Inc.
    $4.0B
  9. 9
    BIDUBaidu, Inc.
    $3.5B
  10. 10
    ARMArm Holdings plc American Depositary Shares
    —
  11. 11
    CEGConstellation Energy Corporation
    —
  12. 12
    GEVGE Vernova Inc.
    —
  13. 13
    EQIXEquinix, Inc.
    —
  14. 14
    AVGOBroadcom Inc.
    —
  15. 15
    ASMLASML Holding N.V.
    —
  16. 16
    TSMTaiwan Semiconductor Manufacturing Company Limited
    —
  17. 17
    INTCIntel Corporation
    —
  18. 18
    MRVLMarvell Technology, Inc.
    —
  19. 19
    LRCXLam Research Corporation
    —
  20. 20
    VZVerizon Communications Inc.
    —
  21. 21
    NBISNebius Group N.V.
    —
  22. 22
    SMCISuper Micro Computer, Inc.
    —
  23. 23
    ANETArista Networks, Inc.
    —
  24. 24
    CSCOCisco Systems, Inc.
    —
  25. 25
    VRTVertiv Holdings Co
    —
  26. 26
    VSTVistra Corp.
    —
  27. 27
    DDominion Energy, Inc.
    —
  28. 28
    DLRDigital Realty Trust, Inc.
    —
  29. 29
    TMUST-Mobile US, Inc.
    —
  30. 30
    NVDANVIDIA Corporation
    —
  31. 31
    TSLATesla, Inc.
    —
  32. 32
    IBMInternational Business Machines Corporation
    —
  33. 33
    CRMSalesforce, Inc.
    —
  34. 34
    MUMicron Technology, Inc.
    —
  35. 35
    AMDAdvanced Micro Devices, Inc.
    —
  36. 36
    AMATApplied Materials, Inc.
    —
  37. 37
    HPEHewlett Packard Enterprise Company
    —
  38. 38
    NRGNRG Energy, Inc.
    —
  39. 39
    ETREntergy Corporation
    —
  40. 40
    KLACKLA Corporation
    —
  41. 41
    BABAAlibaba Group Holding Limited
    —
  42. 42
    JDJD.com, Inc.
    —
  43. 43
    NOWServiceNow, Inc.
    —
  44. 44
    DELLDell Technologies Inc.
    —
  45. 45
    TAT&T Inc.
    —