AI Compute Boom Triggers Mega-Capex Wave Led by Amazon’s $200B Plan

A global surge in AI infrastructure spending is accelerating, led by Amazon’s plan to invest about $200 billion in capex this year. This beacon of demand is lifting data-center and neoscaler players, stipulating higher chip and memory prices as hyperscalers and cloud providers like Google, Microsoft, and others expand capacity. Memory prices have surged 28–35% in early 2026, reinforcing the push for suppliers like Nvidia, Broadcom, AMD, Micron, and Sandisk, while cloud backlogs across AWS, Google, and Microsoft total about $1.1 trillion. Analysts expect 2026 capex to rise roughly 50% for the big four (Amazon, Alphabet, Microsoft, Meta), underscoring a sustained AI hardware boom and reshaping the supply chain for the year ahead.