Six female CFOs at major tech firms steer trillion-dollar AI infrastructure spending, with Microsoft targeting roughly $190 billion in 2026 capex.

Microsoft, Meta, Alphabet, Oracle, OpenAI, and Nvidia are led by female CFOs—Amy Hood, Susan Li, Anat Ashkenazi, Hilary Maxson, Sarah Friar, and Colette Kress—making capital allocation decisions on the largest infrastructure expansions in corporate history.

Microsoft is targeting roughly $190 billion in 2026 capex, a 61% jump from the prior year. Access to chips, data centers, power, and cloud capacity has become a strategic asset that determines how quickly companies develop and deploy AI.

These CFOs are arriving at a moment of scale and ambition rather than crisis, cutting against the "glass cliff" pattern in which women are appointed to leadership roles primarily in times of collapse, according to Jenna Fisher, co-head of Russell Reynolds Associates' Global Financial Officers Practice.