Data Center Index Weekly Recap: Week Ending April 9, 2026
Amazon guided to $200B of capex for 2026 and Meta signed a surprise $21B contract with CoreWeave. Power equipment and chip fab names led the tape in the week ending April 9, 2026.
Week ending April 9, 2026. Every figure below is as reported that week.
Week in Review
The buildout hit another gear this week. Amazon guided to $200B of capex for 2026 and Meta signed a surprise $21B contract with CoreWeave. Power equipment and chip fab names led the tape as investors worked through the scale of what that spending has to buy.
The Tape
Power gear and fabs did the heavy lifting. Powell Industries rose 19.4% on the week and Intel 17.0%, with Nebius Group (+14.9%) and SK Hynix (+13.9%) close behind. Semiconductor equipment kept up: Lam Research gained 12.8% and Applied Materials 10.7%. Oracle was the only decliner at -1.9%, on worries about where it sits while hyperscalers build more of their own infrastructure.
Capex Spotlight
Amazon's $200B capex target for 2026 is a 52% jump from the $131.8B it spent in 2025. That is a step change rather than a trend line. Set it next to Google's $91.4B in 2025 (up 74% from $52.5B in 2024) and Meta's $69.7B (up 87% from $37.3B), and three hyperscalers alone are committing $360B+ a year. The supply chain math is simple: there is not enough capacity for that much construction at once, so pricing power sits with the suppliers who can actually deliver.
Industry News
Meta's $21B deal with CoreWeave is the largest single infrastructure contract we have tracked, and it says hyperscalers will pay a premium to lock up capacity they do not own. Intel and Google expanded their CPU/IPU partnership the same week Intel joined Musk's Terafab space computing project. The UK grid reform proposal would create a two-tier market, with hyperscalers fast-tracked for power connections while smaller operators wait longer.
What Was Still Open
CoreWeave's $4.25B convertible note raise had not closed as of that Friday. Getting it done would price private GPU cloud capacity as financeable and pull more hyperscaler partnerships forward. Intel's Q1 guidance revision was the other open item, with the Google CPU deal and the space computing contracts both landing inside the 2026 numbers.
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