Alphabet may raise 2026 AI spending target amid infrastructure expansion

12 articles · Updated · MarketWatch · Apr 29

Alphabet's capital expenditure for 2026 is currently projected at $175–185 billion, with analysts expecting further increases following a multi-gigawatt deal with Anthropic.
Bank of America’s Justin Post highlights that the partnership could drive higher spending on data centers and AI infrastructure. Alphabet’s capex more than doubled to $36 billion in the March quarter.
The FactSet consensus estimates full-year capital expenditures at about $176 billion, reflecting Wall Street’s focus on Alphabet’s aggressive investment in artificial intelligence and related infrastructure.

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