capex

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.

Spanish renewables firm FRV plans a €2.8 billion data center in Mérida powered by over 80% renewable self-generation. This massive investment highlights the integration of renewable energy with data center infrastructure to meet growing AI compute demands.

AWS is likely behind plans for a $750 million data center in Clinton, Mississippi, with local board approving tax agreements. This represents continued major cloud infrastructure investment to support growing compute demands.