Big tech’s Rs 58 lakh crore AI war: 3 Indian ‘backbone’ stocks for the 2026 wave
The data center investment cycle is accelerating. While 2025 was strong for capital spending, 2026 will be even stronger given the scale of investment. So far, for 2026, Amazon has announced $200 billion (₹18 lakh crore), Alphabet $185 billion, up from $91.5 billion in 2025, Meta between $115-135 billion, and Microsoft $120 billion.
The $650B AI Race
This investment alone amounts to $650 billion (approximately ₹58.5 lakh crore), equivalent to the market capitalization of the five largest companies in India. This underscores the sheer scale of spending on Artificial Intelligence by Hyperscalers.
