{"data":{"slug":"hyperscaler","term":"Hyperscaler","question":"What is a hyperscaler?","answer":"A hyperscaler is one of the handful of companies operating cloud and computing infrastructure at massive global scale, such as Amazon, Microsoft, Alphabet, and Meta. In AI investing the term matters because hyperscaler capital spending, hundreds of billions of dollars a year, is the money funding most of the AI buildout.","investorNote":"Hyperscalers sit on both sides of the AI trade: their spending pressures their own near-term margins while it becomes revenue for every supplier layer beneath them. Their quarterly capex guidance is the single most-watched indicator of where the AI cycle is heading, which is why the Buildout Tracker follows it line by line.","category":"cloud-infrastructure","related":["hyperscaler-capex","neocloud","data-center-reit"],"faq":{"q":"Which companies count as hyperscalers?","a":"The core group is Amazon, Microsoft, Alphabet, and Meta, with Oracle increasingly included as its AI cloud commitments have grown. Some definitions add the large Chinese platforms. The common test is operating cloud or computing infrastructure at a scale measured in gigawatts and tens of billions of dollars of annual capital spending."}},"meta":{"version":"v1","asOf":null,"builtAt":"2026-11-03T05:33:49.675Z","tier":"free","source":"https://supercyclehq.com/learn/hyperscaler","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/glossary/hyperscaler","html":"https://supercyclehq.com/learn/hyperscaler","md":"https://supercyclehq.com/learn/hyperscaler.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}