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TrendForce's tally of the industry's biggest cloud spenders keeps climbing. Combining Google, Amazon, Meta, Microsoft, Oracle, ByteDance, Tencent, Alibaba and Baidu, it now forecasts their combined 2026 capital expenditure will exceed $886.7 billion, with the five North American hyperscalers accounting for nearly 90% of it
Verified 2026-09-16
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More on Capital
- While Amazon, Microsoft, Meta, Alphabet and Oracle have all sharply increased AI capital spending, Apple's cash paid for property, plant and equipment in the nine months to 27 June 2026 actually fell, to Apple's nine-month capex of $6.8 billion, down 28% from $9.47 billion a year earlier
- Amazon's cash capital expenditure across the whole of 2025 came to $131.81 billion in one year
- Amazon's most recently reported quarterly cash capital expenditure reached $54.21 billion