Mag7 $700-800B+ AI capex: AMD/Alab/CoreWeave/Corning/Meta/Google Q1 beats semis infra vol best chips
Key Questions
What is the scale of Big Tech's AI capex in 2026?
Mag7 plans $700-800B+ in 2026 AI capex, driving Q1 beats from AMD, Alab, CoreWeave, Corning, Meta, and Google.
Which AI chip stocks are highlighted as best value?
Morningstar sees undervalue in Google (ROE 38%, P/E 31), best value chips since 2019 like MU, TSMC, SOXX, MRVL, SMCI, VRT, PLTR.
How have semis and infra performed?
Semis infra shows volatility but best chips like NVDA, optics, ARM, ANET, MCHP lead narrow tech rally with Tesla, NVDA/AVGO/TSM.
Big Tech $700B+2026 capex AMD/Alab/CoreWeave/Corning/Meta NVDA optics ARM ANET MCHP Google AI Cloud Gemini ROE38% P/E31 undervalue Morningstar best value 2019 chips stocks; MU TSMC SOXX MRVL SMCI VRT PLTR Tesla NVDA/AVGO/TSM narrow tech.
Sources (2)
Updated May 9, 2026