Google raised its 2026 capital expenditure guidance from $1800-1900 billion to $1950-2050 billion, reflecting expanded investment in AI infrastructure and data center capacity.

Google raised its 2026 capital expenditure guidance from $1800-1900 billion to $1950-2050 billion, reflecting expanded investment in AI infrastructure and data center capacity.

Signals intensification of AI infrastructure arms race; Google escalating capex in direct response to OpenAI/SoftBank Stargate and broader hyperscaler competition.