Big Tech's 2026 AI Capex Hits $732.5B, Putting $1 Trillion in 2027 Within Reach

Beth_Kindig · x · 2026-08-07

Wall Street has persistently underestimated the scale of Big Tech's AI infrastructure buildout. Guided capital expenditure for 2026 from Microsoft, Meta, Amazon, and Google has reached $732.5 billion—158% higher than forecasts issued two years ago.

These tech giants are expected to deploy approximately $432 billion in the second half of 2026 alone. JP Morgan and Goldman Sachs now project that AI capex will hit the $1 trillion mark in 2027. Given the massive 2026 baseline, capex would only need to grow by 36.5% next year to cross the trillion-dollar threshold. Furthermore, major tech companies continue to indicate that current capacity falls short of actual demand.

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