Key Points Big Tech companies are expected to spend over $400 billion on AI infrastructure in 2025, with even higher spending planned for 2026. That spending extends beyond well chips to include networking equipment, data centers, cooling systems, and server integration. Both hyperscale cloud providers and specialized infrastructure companies stand to benefit, as demand for AI processing capacity far outstrips current supply. 10 stocks we like better than Nvidia › Microsoft (NASDAQ: MSFT), Amazon ...