4 US tech giants amass $1.46tn in physical assets, rivaling oil majors

Artificial intelligenceAmazon, Alphabet, Microsoft and Meta abandon asset-light model amid AI build-outAmazon's PP&E assets doubled from three years earlier to $538.7 billion, the largest company in the world by that measure. © ReutersMASAHARU BANAugust 7, 2026 09:45 JSTLAS VEGAS, Nevada -- The combined value of property, plants and equipment held by four U.S. tech giants has jumped 140% over the past three years to $1.46 trillion, as artificial intelligence investments turn the former asset-light software businesses into infrastructure giants whose scale now rivals global energy majors.