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TrendForce has raised its forecast again: the nine biggest cloud spenders (Google, Amazon, Meta, Microsoft, Oracle, ByteDance, Tencent, Alibaba and Baidu) are set to lift combined capital expenditure 106% to $957 billion in 2026, then another 60% in 2027, reaching over $1.5 trillion of cloud capex in 2027
Verified 2026-10-16
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- Price
- $248.98
- 30D
- -0.47%
- AI share of revenue
- Not disclosed
PRICES 15-MIN DELAYED · EODHD
Amazon’s exposure cardWhat share of the business the AI build-out actually isThe screener · 72 companiesEvery layer of the AI chain, priced dailyHow this was verifiedEvery figure links to the filing it came from
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
- A Brookings Papers draft by Columbia's Stijn Van Nieuwerburgh projects that the US AI build-out of 2025 to 2032 will absorb, every year, 3.63% of GDP, versus 2.24% for the railroads of 1870–1890
- Global private investment in AI reached $344.7 billion in 2025, up 127.5% year-over-year, with generative AI companies alone capturing $170.9 billion of that total $344.7 billion in global private AI investment in 2025