#AI spending just went all in. Big Tech is betting everything
This isn’t normal capex anymore. Big Tech is going all in on AI, and the scale feels like a make or break moment.
☑️ 2026 AI capex projected at $635B–$700B, up sharply from $381B in 2025
☑️ Over $400B in new debt expected, more than double last year’s funding
☑️ Alphabet pushing limits with a rare 100 year bond structure
☑️ Massive bets continue, including $40B into Anthropic and $5B from Amazon
My take is investors aren’t pricing earnings anymore, they’re pricing whether AI revenue can justify this spending wave.
NFA.