Hyperscaler List

Hyperscaler capex, latest quarter

The latest reported quarter for every operator that discloses capex, with full-year guidance where management gave it. For the full quarterly series, use Hyperscaler Capex.

12 operators · checked 2026-11-11 · method

Microsoft AzureUSD 45.2bn incl. finance leases in FY2027 Q1 (Jul to Sep 2026)—Fairwater Wisconsin and Atlanta: hundreds of thousands of NVIDIA Blackwell GPUs per site2026-11-11
Oracle Cloud Infrastructure (OCI)USD 28.5bn in FY2027 Q1 (Jun to Aug 2026)—Up to 4.5 GW of additional Stargate capacity for OpenAI (agreed Jul 2025)2026-11-11
Google CloudUSD 51.4bn (Alphabet) in Q3 2026; USD 195bn to 205bn guided for 2026—Visakhapatnam AI hub, India: gigawatt-scale, three campuses (ground broken Apr 2026)2026-11-11
Amazon Web Services (AWS)USD 77.3bn PP&E purchases in Q3 2026; ~USD 220bn cash capex guided for 2026—3.9 GW of new power added in 2025; total power capacity to double by end-20272026-11-11
Alibaba CloudRMB 67.7bn (Alibaba Group) in the quarter to 30 Jun 2026RMB 380bn (USD 53bn) AI and cloud program over three years, announced Feb 2025—2026-11-11
Tencent CloudRMB 52.8bn (Tencent group) in Q2 2026——2026-11-11
IBM CloudUSD 457m net capex (IBM) in Q3 2026——2026-11-11
AppleUSD 9.04bn PP&E payments in FY2026 (year to 26 Sep 2026)——2026-11-11
Baidu AI CloudRMB 11.4bn (Baidu Inc.) in Q2 2026——2026-11-11
ByteDance Volcano Engine2026 AI capex budget above RMB 200bn, up from RMB 160bn (SCMP, citing sources)——2026-11-11
CoreWeaveUSD 9.4bn PP&E purchases in Q3 2026; USD 37bn to 39bn guided for 2026—1.7 GW+ active power; 4.6 GW+ contracted (Q3 2026)2026-11-11
MetaUSD 34.9bn incl. finance-lease principal in Q3 2026; USD 135bn to 145bn guided for 2026—Prometheus (Ohio) 1 GW from 2026; Hyperion (Louisiana) up to 5 GW2026-11-11

Every quarter since 2023, with guidance and lease treatment, is on Hyperscaler Capex.

Operator profiles

  • Alibaba Cloud

    Alibaba Group’s cloud runs 32 regions and 109 zones, opened Amsterdam in October 2026, and is spending RMB 380bn on AI and cloud infrastructure.

  • Amazon Web Services (AWS)

    39 regions and 124 availability zones, Trainium chips for AI, and a separate sovereign cloud for Europe.

  • Apple

    Apple runs its services and Apple Intelligence from eight Apple-owned data centers, with Private Cloud Compute on Apple silicon servers.

  • Baidu AI Cloud

    Baidu sells AI infrastructure and the Qianfan model platform from Beijing, Guangzhou, Suzhou, Wuhan, Baoding and Hong Kong.

  • ByteDance Volcano Engine

    ByteDance sells the infrastructure behind its own apps through Volcano Engine: GPU instances, serverless GPU and model services from Beijing, Shanghai and Johor.

  • CoreWeave

    An AI-only GPU cloud with over 1.7 GW active and 4.6 GW contracted at the end of Q3 2026, with USD 37bn to 39bn of 2026 capex.

  • Google Cloud

    43 regions and 130 zones on Google-owned infrastructure, TPU pods for AI, and a gigawatt-scale AI hub under construction in India.

  • IBM Cloud

    13 multizone regions with three zones each, from Dallas to Chennai, plus IBM Sovereign Core for regulated workloads.

  • Meta

    Meta builds for its own apps and models: Prometheus in Ohio is a 1 GW AI cluster and Hyperion in Louisiana scales to 5 GW.

  • Microsoft Azure

    Microsoft lists 59 Azure regions with region codes, advertises 80+ regions and 500+ datacenters, and links its Fairwater AI sites into one AI superfactory.

  • Oracle Cloud Infrastructure (OCI)

    OCI advertises 50+ public regions in 28 countries, runs EU sovereign regions in Frankfurt and Madrid, and is building up to 4.5 GW of Stargate capacity for OpenAI.

  • Tencent Cloud

    26 regions and 70 zones across Asia, the Middle East, Europe and the Americas, including finance-only zones in Beijing, Shanghai and Shenzhen.