AI Arms Race Keeps Tech Giants Betting Big on Compute
TL;DR Summary
Despite stock dips, the biggest tech firms aren’t cutting AI budgets, with Wedbush’s Dan Ives calling the AI revolution an arms race driven by compute power and capex as monetization accelerates in 2026–27. Goldman Sachs estimates about $5.3 trillion in combined capex for Meta, Microsoft, Amazon and Alphabet from 2025–2030, and a baseline $7.6 trillion across 2026–2031 for compute, data centers and power, with about $725 billion planned for 2026—even as the Magnificent Seven slip from their 52-week highs.
Topics:business#artificial-intelligence#capital-expenditures#hyperscalers#stock-market#tech-industry#technology
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