The most consequential spending decisions in tech right now are being made by CFOs—and at five of the giant hyperscalers funding the AI build-out, plus Nvidia, those CFOs are women.
That’s among the topics in my new article, released alongside the 2026 Fortune Most Powerful Women list. Meta’s Susan Li, Microsoft’s Amy Hood, Alphabet’s Anat Ashkenazi, Oracle’s Hilary Maxson, OpenAI’s Sarah Friar, and Nvidia’s Colette Kress are steering their companies through one of the largest infrastructure expansions in corporate history, and the capital commitments are staggering. For example, Microsoft is targeting roughly $190 billion in 2026 capex, a 61% jump from the prior year.
