2026 AI Data Center Capex vs. Financing Overview:


1️⃣ $GOOG Full-year Capex $180–190 billion, with $80 billion in equity + hybrid securities financing
2️⃣ $AMZN Full-year Capex $200 billion, mainly funded by operating cash flow + conventional bonds + data center leases
3️⃣ $MSFT Full-year Capex $190 billion, using conventional bond issuance + large long-term lease commitments
4️⃣ $Meta Full-year Capex $125–145 billion, primarily via reduced buybacks + increased data center leases
5️⃣ $ORCL Oracle Capex $55.66 billion for the full year, planning $40 billion in debt + equity (FY2027)
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