AMZN
Amazon.com, Inc.
call
- AI-driven capex
- $200.0B
- Year to date
- $96.3B
- Forward guidance
- $200.0BFY Guide
- AI-scoped
- —
AI CapEx Index
Capital expenditure that US-listed companies have attributed to AI or data-centre buildout in their own words — with the sentence behind every figure.
2026 year to date
$354.3B
23 companies · actual spend only
Since 2022
$1.15T
45 companies · one figure per period
Latest reported quarter
$218.7B
28 companies · Q2 2026
Forward guidance
$870.8B–$905.8B
26 companies · forecasts, kept apart
Last updated
Artificial Intelligence Capital Expenditure
Ranked by year-to-date AI CapEx
Last updated
| Company | Disclosed capital allocation | Primary evidence | |||
|---|---|---|---|---|---|
| AI-driven capex | Year to date | Forward guidance | AI-scoped | Source | |
| AMZNAmazon.com, Inc. | $200.0B | $96.3B | $200.0BFY Guide | — | call |
| GOOGLAlphabet Inc. | $44.9B | $80.6B | $180.0B–$190.0BFY Guide | — | call |
| MSFTMicrosoft Corporation | $41.0B | $72.9B | $190.0BFY Guide | — | call |
| METAMeta Platforms, Inc. | $137.5B | $50.9B | $130.0B–$145.0BFY Guide | — | call |
| ORCLOracle Corporation | $92.5B | $18.0B | $90.0B–$95.0BFY Guide | — | call |
| CRWVCoreWeave, Inc. Class A Common Stock | $9.4B | $16.2B | $31.0B–$35.0BFY Guide | — | call |
| MUMicron Technology, Inc. | $10.0B | $7.1B | $10.0BFY Guide | — | call |
| NBISNebius Group N.V. | $5.7B | $5.7B | — | — | call |
| EQIXEquinix, Inc. | $5.5B | $2.9B | $5.0B–$6.0BFY Guide | — | call |
| CORZCore Scientific, Inc. | $954M | $954M | — | — | call |
| AMTAmerican Tower Corporation | $329M | $789M | $1.7BFY Guide | — | call |
| AKAMAkamai Technologies, Inc. | $500M | $553M | $475M–$525MQuarter Guide | — | call |
| GLGLXYGalaxy Digital | — | $448M | — | $448M | call |
| ICEIntercontinental Exchange, Inc. | $850M | $262M | $850MFY Guide | — | call |
| PEverpure, Inc. | $101M | $169M | $72MFY Guide | — | 8-K |
| THTarget Hospitality Corp. | $132M | $132M | $115M–$125MFY Guide | — | 8-K |
| TTMITTM Technologies, Inc. | $107M | $107M | $240M–$260MFY Guide | — | 8-K |
| MELIMercadoLibre, Inc. | — | $80M | — | $80M | call |
| RXTRackspace Technology, Inc. | $75M | $63M | $75MFY Guide | — | call |
| CCOICogent Communications Holdings, Inc. | $25M | $46M | $100MFY Guide | — | call |
| DGDGXXDigi Power X Inc. | $11M | $30M | $40MFY Guide | $30M | call |
| MTSIMACOM Technology Solutions Holdings, Inc. | $13M | $13M | $50M–$55MFY Guide | — | call |
| GPGPUSHyperscale Data, Inc. | $11M | $11M | — | — | 8-K |
| AMNAMN Healthcare Services, Inc. | $36M | — | — | — | call |
| ASXASE Technology Holding Co., Ltd. | $3.4B | — | — | — | call |
| BCEBCE Inc. | — | — | $1.3BFY Guide | $1.3B | call |
| COHRCoherent, Inc. | $154M | — | — | — | call |
| CRTOCriteo S.A. | $190M | — | $190MFY Guide | — | call |
| DBXDropbox, Inc. | $11M | — | $20M–$25MFY Guide | — | call |
| GNRCGenerac Holdings Inc. | $170M | — | — | — | call |
| IRENIREN Limited | $27.5B | — | $1.0BFY Guide | $2.8B | call |
| IRMIron Mountain Incorporated | $2.0B | — | $2.0BFY Guide | — | 8-K |
| LSTRLandstar System, Inc. | $10M | — | — | — | call |
| MODModine Manufacturing Company | $46M | — | $46MFY Guide | — | 8-K |
| TSLATesla, Inc. | $25.0B | — | $25.0BFY Guide | — | call |
| UNHUnitedHealth Group Incorporated | — | — | $1.5BFY Guide | $1.5B | call |
GOOGL
Alphabet Inc.
call
- AI-driven capex
- $44.9B
- Year to date
- $80.6B
- Forward guidance
- $180.0B–$190.0BFY Guide
- AI-scoped
- —
MSFT
Microsoft Corporation
call
- AI-driven capex
- $41.0B
- Year to date
- $72.9B
- Forward guidance
- $190.0BFY Guide
- AI-scoped
- —
META
Meta Platforms, Inc.
call
- AI-driven capex
- $137.5B
- Year to date
- $50.9B
- Forward guidance
- $130.0B–$145.0BFY Guide
- AI-scoped
- —
ORCL
Oracle Corporation
call
- AI-driven capex
- $92.5B
- Year to date
- $18.0B
- Forward guidance
- $90.0B–$95.0BFY Guide
- AI-scoped
- —
CRWV
CoreWeave, Inc. Class A Common Stock
call
- AI-driven capex
- $9.4B
- Year to date
- $16.2B
- Forward guidance
- $31.0B–$35.0BFY Guide
- AI-scoped
- —
MU
Micron Technology, Inc.
call
- AI-driven capex
- $10.0B
- Year to date
- $7.1B
- Forward guidance
- $10.0BFY Guide
- AI-scoped
- —
NBIS
Nebius Group N.V.
call
- AI-driven capex
- $5.7B
- Year to date
- $5.7B
- Forward guidance
- —
- AI-scoped
- —
EQIX
Equinix, Inc.
call
- AI-driven capex
- $5.5B
- Year to date
- $2.9B
- Forward guidance
- $5.0B–$6.0BFY Guide
- AI-scoped
- —
CORZ
Core Scientific, Inc.
call
- AI-driven capex
- $954M
- Year to date
- $954M
- Forward guidance
- —
- AI-scoped
- —
AMT
American Tower Corporation
call
- AI-driven capex
- $329M
- Year to date
- $789M
- Forward guidance
- $1.7BFY Guide
- AI-scoped
- —
AKAM
Akamai Technologies, Inc.
call
- AI-driven capex
- $500M
- Year to date
- $553M
- Forward guidance
- $475M–$525MQuarter Guide
- AI-scoped
- —
GL
GLXY
Galaxy Digital
call
- AI-driven capex
- —
- Year to date
- $448M
- Forward guidance
- —
- AI-scoped
- $448M
ICE
Intercontinental Exchange, Inc.
call
- AI-driven capex
- $850M
- Year to date
- $262M
- Forward guidance
- $850MFY Guide
- AI-scoped
- —
P
Everpure, Inc.
8-K
- AI-driven capex
- $101M
- Year to date
- $169M
- Forward guidance
- $72MFY Guide
- AI-scoped
- —
TH
Target Hospitality Corp.
8-K
- AI-driven capex
- $132M
- Year to date
- $132M
- Forward guidance
- $115M–$125MFY Guide
- AI-scoped
- —
TTMI
TTM Technologies, Inc.
8-K
- AI-driven capex
- $107M
- Year to date
- $107M
- Forward guidance
- $240M–$260MFY Guide
- AI-scoped
- —
MELI
MercadoLibre, Inc.
call
- AI-driven capex
- —
- Year to date
- $80M
- Forward guidance
- —
- AI-scoped
- $80M
RXT
Rackspace Technology, Inc.
call
- AI-driven capex
- $75M
- Year to date
- $63M
- Forward guidance
- $75MFY Guide
- AI-scoped
- —
CCOI
Cogent Communications Holdings, Inc.
call
- AI-driven capex
- $25M
- Year to date
- $46M
- Forward guidance
- $100MFY Guide
- AI-scoped
- —
DG
DGXX
Digi Power X Inc.
call
- AI-driven capex
- $11M
- Year to date
- $30M
- Forward guidance
- $40MFY Guide
- AI-scoped
- $30M
MTSI
MACOM Technology Solutions Holdings, Inc.
call
- AI-driven capex
- $13M
- Year to date
- $13M
- Forward guidance
- $50M–$55MFY Guide
- AI-scoped
- —
GP
GPUS
Hyperscale Data, Inc.
8-K
- AI-driven capex
- $11M
- Year to date
- $11M
- Forward guidance
- —
- AI-scoped
- —
AMN
AMN Healthcare Services, Inc.
call
- AI-driven capex
- $36M
- Year to date
- —
- Forward guidance
- —
- AI-scoped
- —
ASX
ASE Technology Holding Co., Ltd.
call
- AI-driven capex
- $3.4B
- Year to date
- —
- Forward guidance
- —
- AI-scoped
- —
BCE
BCE Inc.
call
- AI-driven capex
- —
- Year to date
- —
- Forward guidance
- $1.3BFY Guide
- AI-scoped
- $1.3B
COHR
Coherent, Inc.
call
- AI-driven capex
- $154M
- Year to date
- —
- Forward guidance
- —
- AI-scoped
- —
CRTO
Criteo S.A.
call
- AI-driven capex
- $190M
- Year to date
- —
- Forward guidance
- $190MFY Guide
- AI-scoped
- —
DBX
Dropbox, Inc.
call
- AI-driven capex
- $11M
- Year to date
- —
- Forward guidance
- $20M–$25MFY Guide
- AI-scoped
- —
GNRC
Generac Holdings Inc.
call
- AI-driven capex
- $170M
- Year to date
- —
- Forward guidance
- —
- AI-scoped
- —
IREN
IREN Limited
call
- AI-driven capex
- $27.5B
- Year to date
- —
- Forward guidance
- $1.0BFY Guide
- AI-scoped
- $2.8B
IRM
Iron Mountain Incorporated
8-K
- AI-driven capex
- $2.0B
- Year to date
- —
- Forward guidance
- $2.0BFY Guide
- AI-scoped
- —
LSTR
Landstar System, Inc.
call
- AI-driven capex
- $10M
- Year to date
- —
- Forward guidance
- —
- AI-scoped
- —
MOD
Modine Manufacturing Company
8-K
- AI-driven capex
- $46M
- Year to date
- —
- Forward guidance
- $46MFY Guide
- AI-scoped
- —
TSLA
Tesla, Inc.
call
- AI-driven capex
- $25.0B
- Year to date
- —
- Forward guidance
- $25.0BFY Guide
- AI-scoped
- —
UNH
UnitedHealth Group Incorporated
call
- AI-driven capex
- —
- Year to date
- —
- Forward guidance
- $1.5BFY Guide
- AI-scoped
- $1.5B
A dash means not disclosed, never zero.Actuals and guidance remain separate
Method
How the index is built.
The AI CapEx Index tracks disclosed capital expenditure by US publicly listed companies that name artificial intelligence or data-centre buildout as the reason for the spending. Every figure is one a company put on the record itself — in an earnings call, an 8-K, or a quarterly or annual filing — and each is shown beside the sentence it came from.
It is deliberately a floor. A company is counted only when it states a dollar amount and ties that amount to AI. The many companies building the same capacity without quantifying it are absent rather than estimated: nothing here is inferred, extrapolated or filled in.
Most of what is counted is a whole capital expenditure bill that the company attributed to AI, not an AI-only line item. Where a company has drawn the narrower line itself — spending scoped to AI alone — that figure is identified separately, because the two answer different questions.
Actual spending and forward guidance are never added together. A forecast is not money spent, and a guided year overlaps quarters already counted. Figures run from January 2022, and each update is dated so any number can be checked against the disclosure it came from.
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