Meta, Amazon, and Goolge Lead a $700 Billion Capex Wave: What Stocks Win Beyond NVIDIA?
24/7 Wall St. • • business
Key Points:
- Hyperscalers including Amazon, Alphabet, Meta, and Microsoft plan to invest approximately $700 billion in AI capital expenditures in 2026, marking the largest technology infrastructure expansion in history.
- Despite Nvidia’s dominant position in AI data center growth and GPU demand, its stock has remained nearly flat year-to-date, reflecting market concerns over execution risks and sustainability of demand.
- Other companies benefiting from the AI infrastructure boom include Broadcom, which is up 41% over the past year due to custom AI chip demand, Lumentum with a 637% surge driven by optical components, Micron Technology up 353% on AI memory demand, and Bloom Energy rising 492% by addressing AI data center power needs.
- The massive spending
