Market Analysis Stock Picks Market Insight Crypto Stocks to Buy Hot Stocks This is the largest corporate spending spree in history, but who is profiting? Listen to the audio version of this article (generated by AI). For the past few years, Big Tech has been ordering everything on the AI menu: more chips, more data centers, more power, more servers and more advanced models. These firms are pouring hundreds of billions of dollars into the infrastructure needed to power artificial intelligence. It’s the largest corporate spending spree in history.

Last year alone, roughly $450 billion went toward AI infrastructure and data-center expansion. This year, that figure could climb to somewhere between $700 billion and $900 billion. And by the time the buildout is complete, some estimates suggest the total tab could approach $5 trillion. For the past few quarters, Wall Street has been asking one question: How big is the AI tab?