Silicon AnalyticaGlossary · Business & metrics
What is hyperscaler capex?
Hyperscaler capex is the capital expenditure of the largest cloud and internet companies on data centers, including servers, chips, networking equipment, buildings and power infrastructure. Each company reports it in its quarterly results.
Why it matters for investors
Spending by these companies is a major source of demand for AI accelerators, memory, networking chips and the equipment used to make them, so their capex guidance is followed across the chip industry.
Capex figures include land, buildings and power as well as servers, so not all of it flows to semiconductor suppliers; the mix and timing vary by company.
Key companies
Related terms
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General educational explanation. Information only, not investment advice.