Cloud computing giants Amazon.com (AMZN), Microsoft (MSFT) and Alphabet's (GOOGL) Google rank as the biggest spenders on technology along with telecom firms like AT&T (T). But what these titans actually spend on data center infrastructure for cloud computing remains a guess for Wall Street analysts and their suppliers.
Capital spending on cloud infrastructure is a key industry trend for analysts that follow semiconductor companies like Nvidia (NVDA) and Intel (INTC) as well as makers of computer servers, data storage systems and networking gear. Amazon stock, Microsoft and Google do not break out cloud infrastructure spending, however, in financial reports.
So Wall Street analysts and others estimate how much of total capital spending goes toward warehouse-sized data centers packed with hardware and software dedicated to cloud...