The AI Buildout is Accelerating The current artificial intelligence buildout is the largest industrial buildout since the railroad boom in the 1800s. America's leading big tech companies are spending hundreds of billions of dollars to capture their piece of the fastest-growing industry since the internet in the late 1990s. In 2026, AI hyperscalers Microsoft (MSFT),Alphabet (GOOGL),Meta Platforms (META), Amazon (AMZN), and Oracle (ORCL) are expected to spend ~$700 billion on AI infrastructure CAPEX. By 2027, these hyperscalers are expected to spend a mind-boggling $729 billion in CAPEX. Much of that CAPEX spend is going to data centers, high-powered semiconductors, and energy. What is a Neocloud?
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