AI Cap Ex at Hyperscalers: 2020 to 2026
@AswathDamodaran's chart drew 426.5K views on X: #1 of 41 business charts about the 10 largest tech stocks we read. Read Oct 14, 2026.
Total AI Capital Expenditures at Hyperscalers increased from approximately 87,000 USD millions in 2020 to approximately 585,000 USD millions in 2026 (LTM).
AI Cap Ex at Hyperscalers: 2020 to 2026
The numbers
0 of 42 numbers are printed on the original chart; the rest are estimates read off its axis. Read off the image by our vision model; check the original before you quote one.
| Label | Series | USD millions | How we know |
|---|---|---|---|
| 2020 | Meta | 20000 | estimate |
| 2020 | Oracle | 5000 | estimate |
| 2020 | Amazon | 30000 | estimate |
| 2020 | Alphabet | 20000 | estimate |
| 2020 | Microsoft | 10000 | estimate |
| 2020 | Coreweave | 2000 | estimate |
| 2021 | Meta | 25000 | estimate |
| 2021 | Oracle | 5000 | estimate |
| 2021 | Amazon | 50000 | estimate |
| 2021 | Alphabet | 25000 | estimate |
| 2021 | Microsoft | 15000 | estimate |
| 2021 | Coreweave | 3000 | estimate |
| 2022 | Meta | 25000 | estimate |
| 2022 | Oracle | 5000 | estimate |
| 2022 | Amazon | 65000 | estimate |
| 2022 | Alphabet | 30000 | estimate |
| 2022 | Microsoft | 20000 | estimate |
| 2022 | Coreweave | 3000 | estimate |
| 2023 | Meta | 25000 | estimate |
| 2023 | Oracle | 10000 | estimate |
| 2023 | Amazon | 60000 | estimate |
| 2023 | Alphabet | 35000 | estimate |
| 2023 | Microsoft | 25000 | estimate |
| 2023 | Coreweave | 5000 | estimate |
| 2024 | Meta | 30000 | estimate |
| 2024 | Oracle | 10000 | estimate |
| 2024 | Amazon | 80000 | estimate |
| 2024 | Alphabet | 45000 | estimate |
| 2024 | Microsoft | 50000 | estimate |
| 2024 | Coreweave | 10000 | estimate |
| 2025 | Meta | 70000 | estimate |
| 2025 | Oracle | 15000 | estimate |
| 2025 | Amazon | 130000 | estimate |
| 2025 | Alphabet | 90000 | estimate |
| 2025 | Microsoft | 70000 | estimate |
| 2025 | Coreweave | 10000 | estimate |
| 2026 (LTM) | Meta | 85000 | estimate |
| 2026 (LTM) | Oracle | 60000 | estimate |
| 2026 (LTM) | Amazon | 170000 | estimate |
| 2026 (LTM) | Alphabet | 140000 | estimate |
| 2026 (LTM) | Microsoft | 110000 | estimate |
| 2026 (LTM) | Coreweave | 20000 | estimate |
Not investment advice. These pages show what other people charted and shared; check the company filings before you act on a number.
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