CapexIndexCapexIndex

Who is spending on AI infrastructure

Public companies ranked by total capital expenditure. Reported actuals are solid; forward guidance and analyst projections are dashed.

AllUSChinaOther
Total capexAI-attributed
  1. 1
    GOOGLAlphabet Inc.
    $185.0B
  2. 2
    AMZNAmazon.com, Inc.
    $130.0B
  3. 3
    BABAAlibaba Group Holding Limited
    $126.9B
  4. 4
    MSFTMicrosoft Corporation
    $110.0B
  5. 5
    METAMeta Platforms, Inc.
    $80.0B
  6. 6
    TSMTaiwan Semiconductor Manufacturing Company Limited
    $45.0B
  7. 7
    ORCLOracle Corporation
    $25.0B
  8. 8
    TAT&T Inc.
    $20.8B
  9. 9
    CRWVCoreWeave, Inc. Class A Common Stock
    $20.0B
  10. 10
    AAPLApple Inc.
    $20.0B
  11. 11
    VZVerizon Communications Inc.
    $17.0B
  12. 12
    MUMicron Technology, Inc.
    $15.9B
  13. 13
    INTCIntel Corporation
    $14.6B
  14. 14
    DDominion Energy, Inc.
    $12.6B
  15. 15
    TCEHYTencent Holdings Limited
    $12.0B
  16. 16
    TMUST-Mobile US, Inc.
    $10.0B
  17. 17
    TSLATesla, Inc.
    $8.5B
  18. 18
    ETREntergy Corporation
    $7.9B
  19. 19
    NVDANVIDIA Corporation
    $6.0B
  20. 20
    BIDUBaidu, Inc.
    $5.0B
  21. 21
    EQIXEquinix, Inc.
    $4.3B
  22. 22
    NBISNebius Group N.V.
    $4.1B
  23. 23
    JDJD.com, Inc.
    $4.0B
  24. 24
    VSTVistra Corp.
    $3.9B
  25. 25
    CEGConstellation Energy Corporation
    $2.9B
  26. 26
    DELLDell Technologies Inc.
    $2.6B
  27. 27
    HPEHewlett Packard Enterprise Company
    $2.3B
  28. 28
    AMATApplied Materials, Inc.
    $2.3B
  29. 29
    IBMInternational Business Machines Corporation
    $1.6B
  30. 30
    ASMLASML Holding N.V.
    $1.5B
  31. 31
    GEVGE Vernova Inc.
    $1.3B
  32. 32
    NRGNRG Energy, Inc.
    $1.1B
  33. 33
    AMDAdvanced Micro Devices, Inc.
    $974M
  34. 34
    CSCOCisco Systems, Inc.
    $905M
  35. 35
    NOWServiceNow, Inc.
    $868M
  36. 36
    LRCXLam Research Corporation
    $759M
  37. 37
    AVGOBroadcom Inc.
    $623M
  38. 38
    CRMSalesforce, Inc.
    $594M
  39. 39
    ARMArm Holdings plc American Depositary Shares
    $545M
  40. 40
    MRVLMarvell Technology, Inc.
    $354M
  41. 41
    KLACKLA Corporation
    $340M
  42. 42
    VRTVertiv Holdings Co
    $220M
  43. 43
    SMCISuper Micro Computer, Inc.
    $127M
  44. 44
    ANETArista Networks, Inc.
    $120M
  45. 45
    DLRDigital Realty Trust, Inc.
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