Home › Capital Markets › ReportCapital Markets · Report$725B AI Capex 2026: Amazon, Google, Meta & MicrosoftTrade pressSlicast · September 22, 2026 at 21:09 UTC · Global · Source: ValueAdd VCimportance 78Read the originalShareCompanies in this storyMicrosoft / AzureCapex history →MetaCapex history →In-depth analysisCommentaryMicrosoft Azure AI Infrastructure, September 2026: Azure Earnings Debut, $115.95B Capex, and the Nebius DealCommentaryMicrosoft Azure Nuclear and Power Deals, September 2026: Three Mile Island Restart and Chevron PPA Alongside $115.95B in Annual CapexRelated reportsCapital MarketsMeta Hyperion Expands to 5GW; $50 Billion Louisiana Investment Rewrites Hyperscale Landscape2026-09-19Capital MarketsCleanSpark disclosed a $6.6 billion, 20-year AI data center lease with Meta and announced a concurrent $2.23 billion debt financing plan to fund the Georgia facility.2026-09-18Capital MarketsSuper Micro Computer's stock surged 8% on strong Q4 results driven by sustained Microsoft AI capex demand for server infrastructure.2026-09-14Capital MarketsAnthropic recruits sales team at up to 3.2 million per person for exclusive Meta service.2026-09-12Capital MarketsNebius to supply up to $19.4 billion in GPU computing power for Microsoft Azure, with total contract value exceeding $46 billion2026-09-11