Several Big Tech companies have reported earnings in recent weeks and provided estimates for their spending in 2026, along with leading analysts' projections. ADVERTISEMENT ADVERTISEMENT The data point that seems to have caught Wall Street’s attention the most is the estimated capital expenditure (CapEx) for this year, which collectively represents an investment of over $700bn (€590bn) in AI infrastructure. That is more than the entire nominal GDP of Sweden for 2025, one of Europe's largest