Buildout · quarterly · 10 readings since Q1 2024

Capital spending of 9 AI spenders $208.4 bn

Q2 2026

Capital spending of 9 AI spenders rose 305% since Q1 2024

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<iframe src="https://jesseahawkins.com/series/embed/capex/" title="Grapher: Capital spending of 9 AI spenders" width="100%" height="520" style="border:0;max-width:100%" loading="lazy"></iframe>

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Jesse Hawkins, “Grapher: Capital spending of 9 AI spenders”, jesseahawkins.com, data retrieved 11 Oct 2026. https://jesseahawkins.com/series/capex/. Data: Company filings, public filings.

BibTeX

@misc{hawkins2026seriescapex,
  author = {Hawkins, Jesse},
  title = {{Grapher: Capital spending of 9 AI spenders}},
  year = {2026},
  howpublished = {\url{https://jesseahawkins.com/series/capex/}},
  note = {Data: Company filings, public filings, retrieved 2026-10-11}
}

The series

Cash spent on property and equipment by Microsoft, Alphabet, Amazon, Meta, Oracle, CoreWeave, Alibaba, Tencent and Baidu, from their filings, in quarters where all of them have reported. Retrieved by this site on 2026-10-11.

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The readings that matter

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Newest reading	Q2 2026	$208.4 bn
A year before	Q2 2025	$108.9 bn
Highest reading	Q2 2026	$208.4 bn
Lowest reading	Q1 2024	$51.5 bn
First reading	Q1 2024	$51.5 bn

What the series is

Cash spent on property and equipment by Microsoft, Alphabet, Amazon, Meta, Oracle, CoreWeave, Alibaba, Tencent and Baidu, from their filings, in quarters where all of them have reported. Unit: USD millions in the quarter.

Terms: Capital spending

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series.csv Follow this series → Every dataset → Status → Glossary →

Company filings, public filings: Capital spending of 9 AI spenders. Retrieved 2026-10-11.