MicrosoftMSFT
Microsoft's record capex builds Azure AI capacity for OpenAI and enterprise — silicon, networking, and even nuclear power.
Where the cash goes~$129B / yr · FY2025
Capex$60B
R&D$30B
Dividends$22B
Buybacks$17B
Money flows left → right · hover a node · click to open the stock.AI ModelsAI AcceleratorsFoundryNetworkingPower & Cooling
Most exposed to MSFT's spend
- OpenAIprivateFiling
~$13B strategic investment; Azure is OpenAI's exclusive cloud.
AI Models - NvidiaNVDACurated
The bulk of Azure's AI GPU capacity.
AI Accelerators - TSMCTSMCurated
Fabricates Nvidia/AMD parts and Microsoft's Maia silicon.
Foundry - AMDAMDCurated
MI300-series accelerators as a second AI source.
AI Accelerators - Arista NetworksANETCurated
Datacenter networking for AI fabric.
Networking - VertivVRTCurated
Power and cooling infrastructure.
Power & Cooling - Constellation EnergyCEGNews
20-yr deal to restart Three Mile Island for Microsoft datacenters.
Power & Cooling
Relationships are hand-curated and sourced from filings, announcements, and public reporting — a map for generating ideas, not a complete supply chain, and not investment advice. Exposure weights are relative, for sizing only. Spot something missing? Contributions welcome on GitHub.