Three hyperscalers, three capability methods
Amazon Internet Providers, Google Cloud, and Microsoft Azure have every dedicated markedly totally different ranges of capital for the subsequent 12 months of their newest filings and earnings name.
Whereas Amazon CEO Andy Jassy spoke of spending $200 billion in 2026 on AI, chips, and probably low-orbit satellites as knowledge facilities, Google CFO Anat Ashkenazi stated throughout an earnings call that the corporate will commit round $180 billion to changing ageing servers and constructing new knowledge facilities.
Microsoft, which operates on a July–June fiscal 12 months, has but to formally disclose its whole capital expenditure plans via June 30, 2026. The corporate reported capex of $34.9 billion in its first fiscal quarter, and $37.5 billion in second. Its CFO, Amy Hood, has indicated that capital spending is anticipated to average within the coming quarters, main trade analysts to revise their estimates for Microsoft’s full-year capex to round $100 billion.
Every of those figures mirror distinct priorities of hyperscalers, particularly how they’re getting ready their cloud platforms for the subsequent section of AI-driven demand.
AWS is utilizing capital expenditure to lock down the bodily constraints that may form future cloud capability, together with energy, silicon, land, and water, Gogia stated, including that this indicators a transfer past incremental growth towards utility-scale infrastructure, signaling a method aimed toward institutionalizing AI demand quite than merely responding to it.
Microsoft and Google, nonetheless, are taking extra focused approaches.
