Overview
- Alphabet is selling a rare note due in 2126 after a 50-year issue last year, with roughly $100 billion of orders reported for the long bond, according to Bloomberg data cited by AFP.
- Alphabet plans up to $185 billion of 2026 infrastructure spending versus $91 billion last year to expand data centers, custom chips and supporting power systems.
- Hyperscaler capital expenditures for AI infrastructure in 2026 are estimated at about $660–690 billion, surpassing the scale of Apollo, the Interstate Highway buildout and even 19th‑century U.S. railroads on a GDP basis.
- The outlays are flowing to a defined vendor stack that includes Nvidia and Broadcom in chips, Vertiv and Eaton in cooling and power, contract manufacturers Jabil, Celestica and Flex, and optical-network suppliers Arista, Coherent, Lumentum, Applied Optoelectronics, Fabrinet and Amphenol.
- Analysts warn investment growth is outrunning revenue, citing rising borrowing and slimmer buybacks, and investors reacted selectively as Amazon’s market value fell after it outlined a near‑60% capex jump to roughly $200 billion.