Big Tech

Google, Amazon, Microsoft, and Meta plan $725 billion in combined 2026 capital expenditure, a 77% increase from 2025's $410 billion, with Microsoft attributing $25 billion to AI-related memory and chip costs. This unprecedented spending surge will drive massive demand for semiconductors, memory components, and data center infrastructure across the technology supply chain.

Big Tech companies signed a White House data center pledge that appears to prioritize public relations over substantial policy changes. The initiative comes as data centers face growing scrutiny over their environmental and infrastructure impact.