Hyperscale cloud providers are guiding for combined capital expenditures of $600 billion to $630 billion in 2026, with roughly 75% allocated to AI infrastructure. Vertiv, which manufactures power and cooling systems for data centers, has seen its stock surge over 70% year-to-date, with order growth of 252% and a backlog of $15 billion. Amazon plans to invest approximately $200 billion while Alphabet guides for $175 billion to $185 billion, with AI data centers projected to consume up to 70% of global memory chips by 2026.
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