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Wall Street analysts estimate total AI capital expenditures could now climb above $1 trillion in 2027, following even bigger spending plans unveiled by the hyperscalers during Wednesday’s tech earnings.
Both Evercore and Bank of America placed 2027 capex in excess of a $1 trillion after the earnings calls, with 2026 estimates rising to between $800 and $900 billion.
“Cap-ex continues to soar as demand outpaces supply and pricing increases,” analysts for Jefferies said in a Thursday note to investors.
This year’s spending projections were up across the board, with Google parent Alphabet
