Hyperscalers set to spend $700B on AI data centers in 2026
Amazon, Alphabet, Meta, and Microsoft collectively plan close to $700 billion in AI data center capex this year, per Moody's Ratings.
AWS and Cerebras Systems announced a partnership Thursday to deploy Cerebras CS-3 chips inside AWS data centers for faster AI inference.
Off-balance-sheet data center lease commitments now exceed $662 billion across the top five hyperscalers, raising investor concerns about cash flow.