Hyperscalers boost AI data center spending to $1 trillion annually

Hyperscalers including Meta, Microsoft, Amazon, and Alphabet have tripled AI infrastructure capex over five years. Global data center spending reached $1 trillion and is projected to hit $4 trillion by 2030. AI data centers use up to 50,000 tons of copper per facility compared to 5,000 to 15,000 tons in traditional centers. Copper, memory, electricity, and specialized electronics are key inputs driving demand. Companies supplying these materials see rising revenues and valuations.