They signed long term contracts for the hardware delivery over years. AI investment is approaching 1 trillion per year and expected to grow to well over 1 trillion per year. [1]

Even over their many years, projects like the Manhattan Project, the Apollo Program, or the U.S. Interstate Highway System never added up to that. [2]

Is your argument that there is insufficient AI spending at present as they aren’t also taking on building their own fabs?

[1] https://www.pwc.com/gx/en/news-room/press-releases/2026/glob...

[2] https://www.aljazeera.com/news/2026/2/19/visualising-ai-spen...