Alphabet sheds $482 billion in worst day since IPO
Alphabet lost $482 billion of market value on Thursday, the second-largest single-day wipeout in U.S. history and the steepest drop since the company
Data tracker Updated 2026-10-31
AI Capex Tracker
Microsoft, Alphabet, Amazon, Meta and Oracle spent $627 billion on capital expenditure over their last four reported quarters — most of it data centers, chips and power for AI. Here is every quarter, company by company.
Latest quarter by company
| Company | Latest quarter | Capex | Year over year | Last 12 months |
|---|---|---|---|---|
| Alphabet GOOGL | 2026 Q3 (ended 2026-09-30) | $51.4B | +114% | $159.8B |
| Amazon AMZN | 2026 Q1 (ended 2026-03-31) | $44.2B | +77% | $151.0B |
| Microsoft MSFT | 2026 Q3 (ended 2026-09-30) | $39.4B | +103% | $135.9B |
| Meta META | 2026 Q3 (ended 2026-09-30) | $33.9B | +80% | $104.4B |
| Oracle ORCL | 2026 Q3 (ended 2026-08-31) | $28.5B | +235% | $75.7B |
Combined, quarters all five have reported
| Quarter | Five-company capex |
|---|---|
| 2026 Q1 | $148.4B |
| 2025 Q4 | $130.7B |
| 2025 Q3 | $105.8B |
The data is free to reuse with attribution: /api/ai-capex.json.
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