Filing Flows › Chains › AI data-center capex

AI data-center capex

What the hyperscalers and neoclouds spend on property and equipment, and which listed suppliers that spending reaches: chips, servers, networking, optics, memory, power and cooling, construction.

$750.8B spent in the last twelve months by MSFT, AMZN, GOOGL, META, ORCL, CRWV, NBIS; $369.6B traced to 40 listed suppliers. Trailing twelve months to Oct 2, 2026, from SEC filings.

Open the interactive money-flow chart →

AI data-center capex money flow chart — The money-flow chart (open the interactive one above).

The theme quarter by quarter

Each supplier's quarterly revenue scaled by the share of it this chain takes (its attributed share of the trailing twelve months), summed; 37 companies in the latest quarter, +99% against a year earlier.

Capital expenditures of the chain's buyers from their cash-flow statements, by calendar quarter; 5 companies in the latest quarter, +113% against a year earlier.

Companies

NVDA NVIDIA $198.5B · Hyperscale; AI Clouds, Industrial, & Enterprise
DELL Dell $37.8B · Infrastructure Solutions Group
AVGO Broadcom $29.7B · Semiconductor Solutions
SMCI Super Micro Computer $24.3B · total revenue
AMD Advanced Micro Devices $14.1B · Data Center
MU Micron $12.9B · CMBU
STX Seagate $9.7B · total revenue
WDC Western Digital $9.6B · Cloud
CLS Celestica $8.9B · CCS
ANET Arista Networks $8.3B · total revenue
JBL Jabil $8.0B · Intelligent Infrastructure
APH Amphenol $8.0B · Communications Solutions
SNDK Sandisk $6.8B · Datacenter
VRT Vertiv $5.2B · total revenue
MRVL Marvell $5.0B · Data center
HPE Hewlett Packard Enterprise $4.1B · Server
GLW Corning $3.8B · Optical communications products
FIX Comfort Systems USA $3.8B · total revenue
CAT Caterpillar $3.6B · Power & Energy
CSCO Cisco Systems $3.5B · Networking
COHR Coherent $3.4B · Datacenter & Communications
ETN Eaton $3.4B · Electrical Americas
PWR Quanta Services $3.2B · Electric
EME EMCOR $3.0B · total revenue
JCI Johnson Controls International $2.6B · total revenue
STRL Sterling Infrastructure $2.3B · E-Infrastructure Solutions
CIEN Ciena $2.1B · total revenue
LITE Lumentum $1.9B · total revenue
TT Trane $1.9B · total revenue
CMI Cummins $1.9B · Power Systems
BE Bloom Energy $1.3B · total revenue
CRDO Credo $1.3B · total revenue
MOD Modine Manufacturing $1.3B · Data Centers
ALAB Astera Labs $1.2B · total revenue
NVT nVent Electric $1.1B · Systems Protection
IESC IES $1.1B · Communications + Infrastructure Solutions
P Everpure $852M · total revenue
HUBB Hubbell $398M · Electrical Solutions
AAOI Applied Optoelectronics $378M · Data Center
POWL Powell Industries $86.2M · Commercial and other industrial