AI infrastructure rankings
Rank the AI build-out by capital expenditure, market cap, share price or today's move. Reported actuals are solid; forward guidance is dashed.
Prices updated Oct 20, 2026, 10:00 PM UTC
| # | Company | Capex | Market cap | Price | Day Δ | Capex / cap |
|---|---|---|---|---|---|---|
| 1 |  ASMLASML Holding N.V. | $1.6B | $629.9B | $1,630.84 | -1.0% | 0.2% |
| 2 |  EQIXEquinix, Inc. | $4.3B | $97.4B | $987.44 | +1.2% | 4.4% |
| 3 |  MUMicron Technology, Inc. | $30.7B | $1.01T | $896.07 | -1.0% | 3.0% |
| 4 |  GEVGE Vernova Inc. | $1.3B | $237.1B | $890.33 | -2.0% | 0.5% |
| 5 |  METAMeta Platforms, Inc. | $80.0B | $1.77T | $694.25 | -1.6% | 4.5% |
| 6 |  AMDAdvanced Micro Devices, Inc. | $974M | $872.9B | $534.74 | -0.6% | 0.1% |
| 7 |  MSFTMicrosoft Corporation | $115.9B | $3.95T | $531.87 | -0.3% | 2.9% |
| 8 |  DELLDell Technologies Inc. | $2.6B | $293.6B | $461.77 | +1.5% | 0.9% |
| 9 |  TSMTaiwan Semiconductor Manufacturing Company Limited | $45.0B | $2.20T | $425.08 | +1.2% | 2.0% |
| 10 |  AMATApplied Materials, Inc. | $2.3B | $321.4B | $404.98 | -2.0% | 0.7% |
| 11 |  TSLATesla, Inc. | $8.5B | $1.48T | $373.71 | +1.5% | 0.6% |
| 12 |  GOOGLAlphabet Inc. | $185.0B | $4.14T | $340.28 | -1.1% | 4.5% |
| 13 |  AAPLApple Inc. | $20.0B | $4.95T | $339.50 | -1.0% | 0.4% |
| 14 |  AVGOBroadcom Inc. | $623M | $1.60T | $334.37 | -0.1% | 0.0% |
| 15 |  LRCXLam Research Corporation | $966M | $329.7B | $263.45 | -3.2% | 0.3% |
| 16 |  AMZNAmazon.com, Inc. | $130.0B | $2.83T | $262.63 | +0.1% | 4.6% |
| 17 |  CEGConstellation Energy Corporation | $2.9B | $91.7B | $258.84 | -1.7% | 3.2% |
| 18 |  CRMSalesforce, Inc. | $594M | $199.5B | $242.43 | -0.0% | 0.3% |
| 19 |  IBMInternational Business Machines Corporation | $1.1B | $227.9B | $241.92 | +2.3% | 0.5% |
| 20 |  MRVLMarvell Technology, Inc. | $354M | $210.6B | $240.42 | +1.4% | 0.2% |
| 21 |  ARMArm Holdings plc American Depositary Shares | $545M | $243.6B | $228.05 | +0.1% | 0.2% |
| 22 |  NVDANVIDIA Corporation | $6.0B | $5.22T | $216.47 | -0.3% | 0.1% |
| 23 |  VRTVertiv Holdings Co | $226M | $78.4B | $203.56 | -1.2% | 0.3% |
| 24 |  ANETArista Networks, Inc. | $120M | $228.5B | $181.19 | -1.0% | 0.1% |
| 25 |  DLRDigital Realty Trust, Inc. | — | $65.0B | $175.31 | +1.3% | 0.0% |
| 26 |  NBISNebius Group N.V. | $4.1B | $41.1B | $171.45 | +0.7% | 9.9% |
| 27 |  KLACKLA Corporation | $376M | $211.1B | $161.74 | -2.8% | 0.2% |
| 28 |  TMUST-Mobile US, Inc. | $12.5B | $169.2B | $157.75 | +1.1% | 7.4% |
| 29 |  VSTVistra Corp. | $3.9B | $50.5B | $150.32 | +0.4% | 7.8% |
| 30 |  NOWServiceNow, Inc. | $868M | $154.6B | $149.54 | +2.9% | 0.6% |
| 31 |  ORCLOracle Corporation | $55.7B | $392.0B | $129.63 | +1.1% | 14.2% |
| 32 |  BABAAlibaba Group Holding Limited | $126.9B | $270.4B | $108.70 | +0.1% | 46.9% |
| 33 |  CSCOCisco Systems, Inc. | $1.4B | $420.7B | $106.71 | +0.2% | 0.3% |
| 34 |  ETREntergy Corporation | $7.9B | $50.2B | $105.16 | +1.3% | 15.8% |
| 35 |  NRGNRG Energy, Inc. | $1.1B | $20.6B | $97.84 | -1.5% | 5.6% |
| 36 |  INTCIntel Corp. | $14.6B | $484.7B | $91.69 | -0.4% | 3.0% |
| 37 |  BIDUBaidu, Inc. | $5.0B | $27.4B | $80.50 | +0.9% | 18.2% |
| 38 |  DDominion Energy, Inc. | $12.6B | $55.3B | $62.84 | +1.0% | 22.9% |
| 39 |  CRWVCoreWeave, Inc. Class A Common Stock | $20.0B | $34.3B | $62.13 | +1.7% | 58.4% |
| 40 |  HPEHewlett Packard Enterprise Company | $2.3B | $74.5B | $56.12 | +0.4% | 3.1% |
| 41 |  TCEHYTencent Holdings Limited | $12.0B | $477.0B | $52.47 | +0.3% | 2.5% |
| 42 |  VZVerizon Communications Inc. | $17.5B | $185.1B | $44.54 | +0.9% | 9.4% |
| 43 |  SMCISuper Micro Computer, Inc. | $162M | $21.3B | $32.47 | +1.2% | 0.8% |
| 44 |  JDJD.com, Inc. | $4.0B | $36.1B | $26.76 | -0.1% | 11.1% |
| 45 |  TAT&T Inc. | $20.8B | $160.7B | $23.45 | +1.1% | 13.0% |