AI capital spending to exceed $1tn by 2027, analysts project
Updated
Updated · CNBC · Apr 30
AI capital spending to exceed $1tn by 2027, analysts project
12 articles · Updated · CNBC · Apr 30
Evercore and Bank of America lifted 2026 estimates to $800bn-$900bn after hyperscalers' earnings, with Alphabet at $185bn, Amazon $200bn, Microsoft $190bn and Meta $135bn.
Analysts said cloud growth, a roughly $2tn backlog and improving monetisation support the spending, though investors remain wary, especially after Meta raised its 2026 capex range and its shares fell about 8%.
The buildout is expected to benefit chipmakers and equipment suppliers, with analysts citing demand beyond GPUs for custom AI chips and CPUs as wafer-fab growth stays in double digits.
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