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AI infrastructure spending to hit $720 billion by 2027

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  1. Alphabet, Meta, Microsoft, and Amazon guide toward combined capital spending past half a trillion dollars for 2026.

  2. Alphabet raises 2026 capex projection to $195–205 billion, citing acceleration in capacity delivery.

  3. Meta narrows 2026 capex range to $130–145 billion, driven by investments in servers, data centers, and network infrastructure.

  4. Microsoft expects 2026 capital expenditures around $175 billion.

  5. Analysts warn massive infrastructure spending may hurt cash flows, recalling the late-1990s telecom bubble.

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AI infrastructure spending to hit $720 billion by 2027 · in5points