This is the story of 2026 that everyone is curious about

Amazon, Microsoft, Google, and Meta – these four companies will spend $725 billion on a single sector next year.
Amazon $200 billion, Microsoft $190 billion, Google $190 billion, Meta $145 billion.
This figure exceeds the annual GDP of developed economies like Belgium, Sweden, or Norway.
Where will this money go? That’s where the real story begins.
I will explain.
Phase 1: Chip Shopping
What happened in 2025?
Nvidia, AMD, and TSMC couldn’t keep up with demand. Record sales were achieved in GPUs, servers, and semiconductors.
Taiwan’s exports increased by 50%, almost entirely in chips.
Microsoft bought, Google bought, Amazon bought, Meta bought.
That’s the first step. Buying chips.
Phase 2: Infrastructure Setup
They bought chips, now it’s time to build infrastructure.
Building data centers, energy infrastructure, cooling systems, networking equipment, automation, sensors, robots.
These costs are many times higher than a single chip.
If one chip costs 1 unit, then infrastructure costs 100 units.
And the scope is very broad, not just technology. Construction, energy, industry, automotive, enterprise IT.
$725 billion is pouring into this.
Data centers currently consume 70% of the total global memory output. Microsoft’s $25 billion budget is allocated specifically for memory chip costs.
The PMI story
In 2025, demand for artificial intelligence surged, but the PMI index did not increase, remaining at 47.9.
Why?
Because chip sales are a narrow sector, only semiconductors. They don’t push the PMI index up.
Infrastructure installation is a broad wave, spreading across many fields. It drives the PMI index higher.
That’s the key difference between 2026 and 2025.
PMI: The Leading Indicator for Altcoins
Let’s compare the market capitalization chart (ACC) of altcoins with the PMI chart.
The correlation is perfect.
Altcoins rise in value whenever PMI increases.
2017: PMI rose from 55 to 59, altcoins increased 100 times.
2021: PMI rose from 41 to 64, altcoins increased 25 times.
2022: PMI decreased, altcoins lost 80% of their value.
Why does PMI trigger altcoins?
The answer is a simple chain reaction.
When PMI rises, factories develop, employment increases, and wages go up.
People start risking their savings.
This is when small altcoin investors appear.
Those with rising wages open investment accounts, increase monthly spending, and new money flows into the market.
This new flow always causes strong volatility in low-market-cap altcoins. Because each dollar invested in an asset with a small market cap will disproportionately push its price up.
The PMI index reflects the cash flow into small investors’ pockets.
Chip sales are a leading indicator; they fluctuate beforehand.
The PMI index is a lagging indicator; it fluctuates afterward.
Chips are sold, infrastructure is built after 6-12 months, and when infrastructure is in place, the PMI rises.
Money flow has already started shifting.
Look at memory stocks.
Micron, SanDisk, SK Hynix are at all-time highs.
Because the first $725 billion was poured into memory and chips.
Microsoft’s AI revenue reaches $37 billion annually, more than doubling in one year.
AWS has the fastest growth rate in nearly 15 quarters, at 28%.
Amazon expects a negative free cash flow of $17 billion this year. That means they will spend more than they earn by $17 billion.
These companies are investing more than their income because the sector that establishes AI infrastructure first will shape the industry.
Most investors focus on chip sales.
Nvidia’s balance sheet, Taiwan’s exports, GPU orders.
These are completed movements, data from the past.
I am looking at what will happen: infrastructure setup.
Data centers will be built, power grids established, automation lines installed. It’s a multi-year project, not a few months.
The PMI moves precisely along that flow. Altcoins also follow that flow.
This is my personal analysis.
I am monitoring developments and will update you.