AI Capex Flow MapHyperscaler → Supplier Attribution
All suppliers
Foundry & EquipmentSEC filings

ASML Holding (ASML)

EUV + High-NA EUV lithography monopoly for sub-7nm node

Modeled AI capex flow
$5.2B

from Big 5 forward AI-attributable spend

Hyperscaler exposure
35.0%

of revenue (latest 10-K)

Top hyperscaler customer
AMZN

modeled $1.5B flow

Order backlog
$40.0B

Q4 2025 (€36B reported)

Forward visibility: Order backlog

The leading indicator AM analysts read as capex commitments convert to supplier revenue.

Reported in EUR; USD figure is approximate at recent FX. Backlog ~12-18 months of revenue. EUV/High-NA share rising.

As of: Q4 2025 (€36B reported)Source filing
Flow attribution by hyperscaler

Modeled dollars from each hyperscaler's AI-attributable forward capex.

CustomerModeled flow% of total
Amazon (AMZN)$1.5B28.5%
Microsoft (MSFT)$1.2B23.3%
Meta Platforms (META)$1.1B20.3%
Alphabet (GOOGL)$1.0B19.4%
Oracle (ORCL)$0.4B8.5%
Computed from disclosed customer concentration and per-hyperscaler accelerator preferences. Per-edge values can be reconstructed from the Methodology page.
Notes & source

Sells to TSMC, Samsung, Intel: indirect AI capex exposure via foundry capacity build.

View SEC filings page