It goes down because contracts expire.

AMD is missing, true but commitment schedule isn't known. Also missing estimated additional TPU purchase for 28-31, ~$125B-$150B.

- 2026: $97.08B = Broadcom $26.87B + SpaceX $30.13B + Google $14.31B + Amazon $10B + Microsoft $5.61B + Nscale $5.58B + Lambda $4.59B

- 2027: $97.08B + AMD (TBD) = Broadcom $26.87B + SpaceX $30.13B + Google $14.31B + Amazon $10B + Microsoft $5.61B + Nscale $5.58B + Lambda $4.59B + AMD (TBD)

- 2028: $128.33–134.58B + AMD (TBD) = Broadcom $26.87B + SpaceX $30.13B + Google $14.31B + Amazon $10B + Microsoft $5.61B + Nscale $5.58B + Lambda $4.59B + additional TPUs $31.25–37.50B + AMD (TBD)

- 2029: $128.33–134.58B + AMD (TBD) = Broadcom $26.87B + SpaceX $30.13B + Google $14.31B + Amazon $10B + Microsoft $5.61B + Nscale $5.58B + Lambda $4.59B + additional TPUs $31.25–37.50B + AMD (TBD)

- 2030: $98.21–104.46B + AMD (TBD) = Broadcom $26.87B + Google $14.31B + Amazon $10B + Microsoft $5.61B + Nscale $5.58B + Lambda $4.59B + additional TPUs $31.25–37.50B + AMD (TBD)

- 2031: $98.21–104.46B + AMD (TBD) = Broadcom $26.87B + Google $14.31B + Amazon $10B + Microsoft $5.61B + Nscale $5.58B + Lambda $4.59B + additional TPUs $31.25–37.50B + AMD (TBD)

- 2032: $40.09B = Google $14.31B + Amazon $10B + Microsoft $5.61B + Nscale $5.58B + Lambda $4.59B

- 2033: $40.09B = Google $14.31B + Amazon $10B + Microsoft $5.61B + Nscale $5.58B + Lambda $4.59B

- 2034: $14.59B = Amazon $10B + Lambda $4.59B

- 2035: $10.00B = Amazon $10B

- 2036: $10.00B = Amazon $10B

Combined total: $782–807B+, including estimated additional TPU purchases and conditional AMD spending.