Amazon and Alphabet on Pace to Deploy $400B in AI Infrastructure in 2026

Kuehne+Nagel has signed a long-term contract cementing its existing collaboration with Amazon to provide supply chain services for the cloud computing giant's massive buildout of data centers and other infrastructure needs. The Switzerland-based logistics company said Monday that the deal covers logistics services for any part of Amazon's business, with the primary focus on supporting Amazon Web Services. Kuehne+Nagel has worked with Amazon for at least two years, moving large amounts of servers and other cargo by air for data center construction and operations, and under the contract it will expand management of Amazon's logistics and supply chain services beyond air to ocean, road and contract logistics, transporting equipment for the entire infrastructure lifecycle from maintenance to upgrades and expansion projects worldwide. The deal grants Amazon the option to purchase Kuehne+Nagel's existing shares based on reaching certain commercial milestones, with the call option lasting seven years and settleable in cash or shares. Kuehne+Nagel executives have previously said their contract logistics contracts typically last for seven to 10 years, and CEO Stefan Paul said on the company's July 23 earnings call that the world's largest air freight forwarder saw strong demand from hyperscalers during the second quarter, especially on the trans-Pacific lane from China to the United States, and now runs 3.3 million square feet of warehouse space devoted to hyperscalers.

TD SYNNEX is scheduled to report third-quarter fiscal 2026 results on Sept. 24, before market open. The company expects non-GAAP earnings per share between $4.25 and $4.75, against a consensus mark of $4.64 per share, which would represent an increase of 29.6% from the prior-year quarter's reported figure. Revenue for the quarter is expected between $18.2 billion and $19 billion, with the consensus estimate pegged at $18.8 billion, suggesting growth of approximately 20% from the year-ago quarter. TD SYNNEX has beaten the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 21.7%, and the Zacks model predicts another beat this time, with an Earnings ESP of +7.37% and a Zacks Rank #2. Growth is expected to be supported by demand for AI infrastructure, enterprise IT modernization, cloud and cybersecurity, with the Hyve Solutions division remaining a key driver as hyperscalers expand AI and cloud infrastructure deployments.