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Alphabet leads the capex ranking, showing the highest total capital outlay among the five firms as AI investment accelerates across the sector; the list, compiled by a market research firm, underscores AI as the main growth driver for its spending.

Amazon ranks second, its capital plan reflecting a strong emphasis on AI tools that enhance logistics automation, expand cloud‑based machine learning services, and improve targeted advertising, signaling the company's broader strategy to embed intelligence throughout its operations.

Apple sits in third place, directing considerable funds toward AI‑driven features in its operating systems, such as enhanced Siri capabilities and on‑device processing, as well as tighter integration of machine learning chips within its latest hardware lineup.

Industry analysts warn