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$420 billion is the projected combined AI infrastructure outlay from Alphabet (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN) in 2026, with Alphabet guiding to between $195 billion and $205 billion and Amazon targeting approximately $220 billion.
At Alphabet's midpoint of $200 billion, the components sum to the headline.
Four hardware names sit directly in the spend stream: Nvidia (NASDAQ: NVDA), Broadcom (NASDAQ: AVGO), Micron Technology (NASDAQ: MU), and Sandisk (NASDAQ: SNDK).
| Company | 2026 capex guidance | Label | |---|---|---| | Alphabet | $195B to $205B | Projected | | Amazon | $220B | Projected | | Combined midpoint | $420B | Projected | Compute layer: Nvidia volume versus Broadcom's TPU Nvidia is the baseline beneficiary.
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