In 2026, the market expects record-setting capital expenditures from the big four artificial intelligence (AI) hyperscalers.
Some of these companies have already bumped up their guidance for 2026, but at the start of the year, this figure totaled $650 billion
That’s a ton of money being spent on data centers, and it’s being spread around to several different companies. However, 2026 is just the beginning. Several estimates point toward capital expenditures rising each year through 2030, leading to several years of incredible growth for companies involved in the space.
Next year, the build-out is expected to be even bigger, with Nvidia (NASDAQ: NVDA) informing investors that it expects $1 trillion in data center capital expenditures. Nvidia likely has more information regarding future demand than an individual investor, so it’s probably wise to give Nvidia’s projection some credence. If the $1 trillion in data center capital expenditures comes about next year, there are several stocks that are primed to benefit.